VECKTA raises funds for buyer’s side of solar and storage market
Energy planning and procurement platform VECKTA is expanding its U.S. customer base, representatives say, raising an oversubscribed $11 million in Series A fundraising.
Led by Origin Ventures, the funding will expand VECKTA’s customer team, product, corporate partnerships, and supplier network going forward. As businesses look to generate and store more electricity at their own facilities, the San Diego-based procurement firm is aiming to facilitate that process.
“The most dangerous decision a business can make about its energy is acceptance of the status quo,” says VECKTA co-founder and CEO Gareth Evans. “Rates will continue to rise and the grid will continue to be constrained, making the imperative for businesses to find profitable solutions more acute. VECKTA provides the de-risked, data-driven and scalable process for deploying onsite energy systems necessary for the realities of this dynamic and complex market.”
VECKTA’s customer base currently comprises 34,000 customer sites, including Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers. Using only a property address, the San Diegan company’s platform draws on more than 5,000 data points, recommending a solar and storage system configuration for a corporate site in less than a minute.
As the electrical landscape of the U.S. changes, onsite corporate solar and storage systems are becoming a top priority of businesses around the country.
Rolling with the changes
In analyzing 34,000 customer sites, VECKTA’s platform found that 37% of its customers’ corporate sites could support solar and storage with positive returns. That represents a potential $3.1 billion in project value, which VECKTA estimates will grow to nearly $12 billion in just five years.
According to data from the U.S. Energy Information Administration (EIA), commercial electricity prices rose an average of 23% from 2020 to 2024, and another 5.6% in the first seven months of 2026 alone. Those numbers have taken electricity expenses to front of mind for commercial and industrial entities across the U.S.
“Onsite energy has become a capital allocation decision for large companies, and the market hasn’t given them the information to make it with confidence,” says Scott Stern, partner at Origin Ventures. “VECKTA built its business on the buyer’s side — helping companies know what to build, where, and what it should cost before they go to market. That’s where we think the real value gets created.”
Changing electricity prices, incentives, utility programs, and market dynamics have given businesses a wide array of decisions to make. Between knowing which sites to prioritize and which system configurations are potentially financially optimal, these tough decisions make a strong case of VECKTA’s platform, officials say.
The new funding will grow VECKTA’s network of more than 3,000 vetted suppliers, according to representatives, as well as its growing ecosystem of partner companies.
