Solar Universe gets new blood in boardroom, $7 million
Solar Universe, a solar-finance and installation company based in Northern California, announced today that it had acquired two new executives, Kevin Daughtery and Laurie Anthony Baggio, and a wad of dough.
Daughtery, who will become executive vice president of operations, came from SolarCity, one of the nation’s biggest solar installers who provide solar leasing programs. Daughtery has over 25 years of experience and has worked for industry titans, such as Lockheed Martin. According to a company press release, at his new post, Daughtery will be “responsible for overseeing all aspects of the Company's supply chain, quality control and logistics.”
Loggio, another seasoned player, was vice president of franchise development and COO for 1-800-GOT-JUNK?. “At Solar Universe, Baggio assumes responsibility for overseeing continued network growth, market development, channel partnerships and sales support,” according to the release.”
This announcement comes along with some good news for the company and the new additions.
Solar Universe has secured over $7 million in series B funding, helped in part by RockPort Capital Partners, a venture capital firm specializing in clean-tech investing.
"Solar Universe has proven its business model and has developed an impressive delivery platform without large amounts of capital, and we're excited to be supporting a group of entrepreneurs who have already built a significant business," said Abe Yokell—a Principal of RockPort Capital, who led the investment round and is joining the board—in the press release. "With solar now a viable option for most homes and businesses, Solar Universe's approach for training and supporting locally owned and operated solar installers will help launch new solar businesses and ensure a high quality customer experience anywhere in North America."
Image courtesy of Solar Universe.