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Nexamp Secures $400 Million in Funding Led by MUFG.

Nexamp Secures $400 Million in Funding Led by MUFG.

June 5, 2023

Boston, Massachusetts - Nexamp, a leading provider of comprehensive solutions for the deployment and operation of solar energy assets, announced today the successful completion of a funding round, raising an impressive $400,000,000. The funding round was led by MUFG, a prominent financial institution, demonstrating strong confidence in Nexamp's vision and potential.

Nexamp is headquartered in Boston, Massachusetts, and operates within the renewable energy semiconductor manufacturing industry. The company is at the forefront of the transformation to the new energy economy, offering proven solutions that simplify and optimize the utilization of solar energy assets. Nexamp's extensive capabilities cover the entire lifecycle of solar projects, encompassing project development, design, construction, financing, as well as ongoing operations and maintenance.

Nexamp's integrated, best-in-class solutions have positioned the company as a trusted partner for its clients and stakeholders, ensuring that solar energy remains a viable and profitable option. By leveraging it's rapidly expanding network of property owners, businesses, communities, and residents across the United States, Nexamp is playing a crucial role in laying the groundwork for a cleaner and more secure energy future.

Zaid Ashai, Founder of Nexamp, expressed his excitement and gratitude for the confidence shown by investors, stating, "This funding round marks a significant milestone for Nexamp. With the continued support of MUFG and other strategic partners, we are well-positioned to accelerate our mission of driving the adoption of solar energy and contributing to a sustainable future."

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