General InformationNextracker (Nasdaq: NXT, now rebranded Nextpower Inc.) is a global solar tracker technology company headquartered in Fremont, California, with approximately 1,300 employees, founded in 2013.
Funding & FinancialsNextracker raised $638 million in its February 2023 IPO — the largest U.S. IPO of that year — after a $500 million pre-IPO equity investment from TPG Rise Climate; key early investors include Flex, The Rise Fund, ClearSky, and Sigma Partners.
Leadership & TeamDan Shugar, a solar industry veteran and former CEO of Solaria, is the Founder and CEO; co-founders include Alexander Au (CTO), Marco Garcia (CMO), Marco Miller (COO), and Mike Mehawich (CSO).
Recent ActivityIn December 2024, Nextracker delivered the industry's first 100% domestic content solar trackers to the U.S. market under the Inflation Reduction Act, and in early 2025 expanded its AI and robotics capabilities through the acquisitions of Amir Robotics and Onsight Technology.