VECKTA raises $11m Series A to help companies buy onsite solar and storage

VECKTA raises $11m Series A to help companies buy onsite solar and storage

20 October 2026: VECKTA, a San Diego company whose software helps businesses decide where onsite solar and battery storage pays off and then buy it, says it has raised an oversubscribed $11 million Series A led by Origin Ventures. It describes itself as profitable, and the round builds on a seed round in 2023.

Not yet independently verified. VECKTA's release was read on PR Newswire because its own site refused our requests; its savings and market figures are its own and not independently checked. We will update this when it can be confirmed, and remove this note.

Investors and what the money is for

Tech Square Ventures, VoLo Earth Ventures, Cove Fund, Catalyst by Wellstar, Engage, Emerald Bay Ventures, She's Independent Investments and Mobilize AI x Energy Ventures joined Origin. The company will spend the money on its US customer team, the product, partnerships and its supplier network, which it puts at more than 3,000 vetted suppliers, and on supporting an energy asset through its whole life and automating analysis of further revenue such as grid services.

"Onsite energy has become a capital allocation decision for large companies," said Scott Stern, a partner at Origin Ventures.

From an address to a signed contract

The platform starts from a property address. Drawing on more than 5,000 data points, it produces a business case and a recommended solar and storage system for each site in under a minute, and lets a company rank sites across its portfolio by return. The buying side is a marketplace: VECKTA issues a standardised request for proposals to prequalified suppliers, so every bid prices the same scope and can be compared line by line. Chief executive and co-founder Gareth Evans puts the pitch bluntly: "The most dangerous decision a business can make about its energy is acceptance of the status quo."

The figures it gives

Citing US Energy Information Administration data, VECKTA says commercial electricity prices rose 23% on average from 2020 to 2024 and another 5.6% in the first seven months of 2026. Across about 34,000 customer sites it analysed, it found 37% could support solar or storage with a positive return today, worth $3.1 billion in projects, and it expects that to reach $12 billion within five years. This year customers contracted systems at 128 sites and, by its count, paid 20% to 45% less than bids they had sourced themselves; the fastest went from first assessment to signed contract in nine weeks, against the 12 to 18 months it calls typical.

The customers it names are Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers, multi-site businesses with car parks and roofs to spare, and its partners include JLL, Voltus, Leap and Cascade Energy. Our energy management software category lists 10 products, most of them aimed at monitoring consumption rather than buying generation.

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Sources

• VECKTA: VECKTA raises $11 million to build the buyer's side of the onsite solar and storage market (via PR Newswire), 20 October 2026