Revolve Solar named among fastest-growing companies in Austin

In its annual “Fast 50” publication, Austin Business Journal identifies the fastest-growing companies in Central Texas. This year, residential and commercial solar design and installation company Revolve Solar made an appearance as the second fastest-growing company with a compound annual growth rate of 201 percent.

Revolve Solar“While our year-over-year revenue growth speaks to the tremendous success Revolve has seen since opening its doors three and a half years ago, it’s not the whole story,” said CEO and founder Tim Padden. “Our philosophy is to put a great deal of time and effort into hiring smart, capable and ambitious people at all levels of our organization, and to work with them to agree on what a clear roadmap to success looks like. We would not be seeing the growth we have had without a dedicated team and enthusiastic solar customers.”

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To qualify for the Austin Business Journal Fast 50 list, companies had to experience dramatic revenue growth during the last three years and have this financial data verified by a third party. Revolve ranked second in the higher ($10M+ revenue) category with earnings of $16 million in 2014, up significantly from $1.7 million in 2012.

Indeed, the ABJ ranking comes less than a month after Revolve won the inaugural “Best Solar Company” award in Redding, Calif.

“We’re excited to see the success of our residential solar efforts translate to the small and medium-sized commercial sector,” said Rick Davis, EVP of Business Development. “As a result, we’re anticipating rapid growth in this part of the business going forward.”

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