Span is a San Francisco-based company that has developed a smart electrical panel to accelerate home electrification and solar adoption. Its panel provides homeowners with circuit-level energy monitoring, control, and automation, including integration with solar, batteries, EVs, and appliances. As of early 2022, Span's products were installed in 47 U.S. states and the company grew revenue by nearly 600%.
Span was founded by Arch Rao, who previously led product development for Tesla. The company has raised $231 million in funding from prominent climate tech investors, including a $96 million Series B2 round in April 2023. Span is partnering with major home builders, solar and storage providers, and utilities to scale its products. With the Inflation Reduction Act incentives for electrification, Span aims to be in 10 million U.S. homes by 2030.
By joining Span, you'll work alongside top talent from leading tech firms to create a cleaner, more resilient energy future. However, Span will need to navigate potential challenges such as competition from legacy electrical equipment manufacturers (e.g., Schneider Electric, Leviton) and evolving building codes and utility regulations as it scales.
2018
Founded
100-250
Employees
Series B
Stage
$700M
Latest Valuation
$200-400M
Total Funding
Apr 04 2023
Last Fundraise
Why is the rating
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