Sunstone Systems has raised £1m in equity finance in its latest funding round. The company creates solar-powered technologies that provide surveillance, wireless networks and satellite communications. This fundraise comes off the back of a period of growth which saw the business double year on year revenue in 2021, with projections to do the same in 2022.
“A number of factors have seen demand for our products scale considerably over the last two years” said Aaron David, CFO, Sunstone Systems. “The need to have power to critical and remote locations without the reliance on fossil fuels is growing more acute by the day. It’s why we see this latest fundraise as just the start of another period of exceptional growth.”
The latest fundraise will fuel the next phase of growth for the company. One that will see Sunstone Systems develop new products, as well as enabling the company to expand into key markets, particularly Europe and into America.
