When was Ascent Solar founded?

Ascent Solar was founded in 2005.

Where is Ascent Solar located?

Ascent Solar is located in Thornton, United States .

Who is the current CEO of Ascent Solar?

Paul Warley is the current CEO of Ascent Solar.

How many employees does Ascent Solar have?

Ascent Solar has 16 employees as of Dec 31, 2023.

When was the latest funding round of Ascent Solar?

Ascent Solar's latest funding round was on Oct 17, 2024.

What is the annual revenue of Ascent Solar?

Annual revenue of Ascent Solar is $1.22M as on Dec 31, 2022.

Where does Ascent Solar rank among its competitors?

Ascent Solar ranks 5 amongst 528 active competitors.

Who are the top competitors of Ascent Solar?

Ascent Solar's top competitors are Ecoflow, Swift Solar and mPower Technologies.

Ascent Solar - 2025 Company Profile, Funding, Competitors & Financials - Tracxn

Ascent Solar is a public company based in Thornton (United States), founded in 2005. It operates as a Thin-film CIGS solar modules manufacturer. Ascent Solar has raised an undisclosed amount in funding. The company has 528 active competitors, including 31 funded and 31 that have exited. Its top competitors include companies like Ecoflow, Swift Solar and mPower Technologies.

Company Details

Thin-film CIGS solar modules manufacturer. It develops thin-film PV modules with substrate materials that are more flexible and affordable than most traditional solar panels. Its modules are directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, and consumer electronics for portable power or configured as stand-alone modules for large-scale terrestrial deployment.

Website: ascentsolar.com
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Email ID: *****@ascentsolar.com

Key Metrics

Founded Year

2005

Location

Thornton, United States

Stage

Public

Latest Funding Round

Post IPO, Oct 17, 2024, $1.9M

Investors

Terminus Capital Partners & 4 more

Ranked

5^th among 528 active competitors

Annual Revenue

$1.22M as on Dec 31, 2022

Employee Count

16 as on Dec 31, 2023

Investment & Acquisitions

Flisom & 1 more

Similar Companies

Swift Solar & 79 more

Exit Details

Public

Ascent Solar is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Ascent Solar Technologies, Inc. CIN: 20051392430 United States, Active	Oct 21, 2005	$1M - $5M (as on Sep 06, 2022)	-	-
ASCENT SOLAR TECHNOLOGIES, INC. CIN: 203672603 United States, Deadpooled		$1.22M (as on Dec 31, 2022)	16 (as on Dec 31, 2023)	-

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Ascent Solar has raised funding over 32 rounds. Its first funding round was on Aug 17, 2007.

Ascent Solar has 5 institutional investors including Terminus Capital Partners, Tritium Partners and Ironridge Global Partners.

Here is the list of recent funding rounds of Ascent Solar:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Oct 17, 2024	$1.9M	Post IPO	2448624	6424237	-
Apr 17, 2023	$9M	Post IPO	6877393	1808081	Arion Agrophotovoltaic
Dec 20, 2022	$50M	Post IPO	3990033	1185488	-

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View details of Ascent Solar's funding rounds and investors

Ascent Solar's employee count trend

Ascent Solar has 16 employees as of Dec 23. The total employee count is 73.0% lower than what it was in Dec 22. Here is Ascent Solar's employee count trend over the years:

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Top competitors of Ascent Solar include Ecoflow, Swift Solar and mPower Technologies. Here is the list of Top 10 competitors of Ascent Solar, ranked by Tracxn score:

Overall Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ecoflow 2017, San Jose (United States), Series B	Provider of an online platform offering energy storage solutions	$104M	CICC, Rencent Capital & 4 others	67/100
2nd	Swift Solar 2017, Golden (United States), Series A	Provider of flexible perovskite solar cells	$42.4M	Leland Stanford Junior University, Toba Capital & 19 others	61/100
3rd	mPower Technologies 2008, Albuquerque (United States), Series B	Provider of flexible silicon-based solar panels	$52.5M	Hemisphere Ventures, Razor's Edge Ventures & 4 others	54/100
4th	Merlin Solar 2016, San Jose (United States), Acquired	Manufacturers of solar modules	$31M	Fifth Wall, Ayala & 2 others	53/100
5th	Ascent Solar 2005, Thornton (United States), Public	Thin-film CIGS solar modules manufacturer	-	Terminus Capital Partners, Tritium Partners & 3 others	49/100
6th	Babcock Power 2009, Danvers (United States), Unfunded	Manufacturer of solar powered products	-	-	49/100
7th	Ambient Photonics 2019, Scotts Valley (United States), Series A	Provider of solar cells for connected devices	$61M	SVB, DOE & 11 others	48/100
8th	Polar Power 1979, Gardena (United States), Public	Developer of mobile rapid chargers for EVs	-	Citi	46/100
9th	MiaSole 2001, Santa Clara (United States), Acquired	CIGS PV module manufacturer	$500M	Kleiner Perkins, ATEL Capital Group & 12 others	45/100
10th	Renogy 2005, Ontario (United States), Series E	Manufacturer of solar panels, kits and power electronics.	$30.9M	Vision Knight Capital, Sirius Capital & 3 others	42/100