Veckta raises $11M to help businesses buy onsite solar and storage
What's the deal? VecktaDealroom has a profile for this one. Try Dealroom →, a San Diego-based onsite energy planning and procurement startup, has raised an oversubscribed $11 million Series A. Origin VenturesDealroom has a profile for this one. Try Dealroom → led the round, with participation from VoLo Earth VenturesDealroom has a profile for this one. Try Dealroom →, which led Veckta's $3.3 million pre-seed round in 2022.
What's the endgame? Veckta's software helps businesses and property owners decide whether onsite solar and storage make financial sense. Starting from a single property address, it analyses over 5,000 data points — including utility rates, grid emissions, outage risk, and available incentives — to assess a project in under a minute.
How it works: The platform includes more than 3,000 vetted suppliers and compares incoming bids on track record, warranties, equipment, and incentive eligibility before making recommendations. Veckta charges buyers an upfront platform fee and takes a success fee from the winning supplier once a contract is signed.
Why now? Rising commercial electricity prices are pushing businesses to generate and store their own power, but the procurement process is fragmented and local. "There are hundreds of solar developers in every state," chief executive officer Gareth Evans said, adding that the hard part is "knowing what supplier to go with, how to ask them the right questions."
Of roughly 34,000 customer sites analysed, Evans said 37% would see positive returns today from solar, storage, or both — about $3.1 billion in potential project value, concentrated in high-rate markets like the Northeast and California. As rates rise and installation costs fall, he expects onsite power to be cost-competitive at "almost 100%" of sites within five years, unlocking an estimated $12 billion in project value.
Evans said the startup has been net profitable for the past year, though he declined to share specifics. So far in 2026, customers have signed contracts at 128 sites, ranging from 250 kilowatts for retail stores to 10 megawatts or more for manufacturing facilities.
The signal: Veckta's raise is a bet on procurement software rather than project financing, in a market made more complex by recent changes to US clean-energy incentives. As project economics grow harder to parse, tools that compare options across sites gain value.
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Image credit: VECKTA
