Pine Gate Renewables valuation, funding and investors
Pine Gate Renewables works in renewable energy solutions, based in Asheville, United States. Founded in 2016, it has about 237 employees.
VALUATION · TODAY
$4.01B −49% after Growth
Range $1.87B – $11.30B · Grade CTODAY
+12 MO
$2.50B
$5.00B
$7.50B
$10.00B
$12.50B
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $650M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY237 employees
+0%6m growth
−5%1y growth
−15%2y growth
200
400
Data from Mar 2022
Predicted in 1 yr $2.03B −49% vs today
Predicted next raise $684M if a round comes
Winding-down probability 94%
- Last round
- Growth · $650M · May 2024
- Valuation at last round
- $7.22B · implied
- Headcount
- 237 · down
- Grade
- C
- Founded
- 2016
Pine Gate Renewables valuation today
VCMC values Pine Gate Renewables at $4.0B today, with a range of $1.9B to $11.3B and a grade of C. The valuation starts from its last funding round, a growth round in May 2024.
Valuation by date (132 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2016 | $5.86M | $2.13M – $16.1M | $7.03M (+20%) | before first round | – | unknown | D | 0% |
| 1 Feb 2016 | $5.88M | $2.14M – $16.2M | $7.22M (+23%) | before first round | – | unknown | D | 0% |
| 1 Mar 2016 | $5.91M | $2.15M – $16.2M | $7.40M (+25%) | before first round | – | unknown | D | 0% |
| 1 Apr 2016 | $5.93M | $2.16M – $16.3M | $7.60M (+28%) | before first round | – | unknown | D | 0% |
| 1 May 2016 | $5.95M | $2.17M – $16.4M | $7.80M (+31%) | before first round | – | unknown | D | 0% |
| 1 Jun 2016 | $5.98M | $2.18M – $16.4M | $8.01M (+34%) | before first round | – | unknown | D | 0% |
| 1 Jul 2016 | $6.00M | $2.18M – $16.5M | $8.22M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2016 | $6.16M | $2.24M – $16.9M | $8.44M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2016 | $6.33M | $2.30M – $17.4M | $8.67M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2016 | $6.49M | $2.36M – $17.8M | $8.90M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2016 | $6.67M | $2.43M – $18.3M | $9.14M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2016 | $6.84M | $2.49M – $18.8M | $9.38M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2017 | $7.03M | $2.56M – $19.3M | $9.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $7.22M | $2.63M – $19.8M | $9.89M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.59M | $2.76M – $20.9M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $8.00M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $8.21M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.67M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.89M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $9.37M | $3.41M – $25.8M | $12.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $18.2M | $6.62M – $49.9M | $20.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $18.3M | $6.68M – $50.4M | $20.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $18.5M | $6.73M – $50.8M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $18.7M | $6.79M – $51.3M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $18.8M | $6.85M – $51.7M | $20.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $19.0M | $6.92M – $52.2M | $21.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $19.2M | $6.98M – $52.7M | $21.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $19.3M | $7.04M – $53.1M | $21.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $19.5M | $7.11M – $53.6M | $21.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $19.7M | $7.17M – $54.1M | $21.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $19.9M | $7.24M – $54.6M | $21.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $20.1M | $7.30M – $55.1M | $21.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $20.2M | $7.37M – $55.6M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $20.4M | $7.42M – $56.0M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $31.1M | $11.3M – $85.3M | $36.1M (+16%) | before first round | 210 | unknown | D | 0% |
| 1 Apr 2022 | $31.3M | $11.4M – $86.0M | $36.6M (+17%) | before first round | 210 | unknown | D | 0% |
| 1 May 2022 | $31.5M | $11.5M – $86.6M | $37.2M (+18%) | before first round | 210 | unknown | D | 0% |
| 1 Jun 2022 | $31.8M | $11.6M – $87.3M | $37.7M (+19%) | before first round | 210 | unknown | D | 0% |
| 1 Jul 2022 | $32.0M | $11.6M – $87.9M | $38.2M (+19%) | before first round | 210 | unknown | D | 0% |
| 1 Aug 2022 | $32.5M | $11.7M – $90.4M | $38.7M (+19%) | before first round | 210 | unknown | D | 0% |
| 1 Sep 2022 | $33.0M | $11.7M – $93.0M | $39.2M (+19%) | before first round | 210 | unknown | D | 0% |
| 1 Oct 2022 | $33.6M | $11.8M – $95.5M | $39.7M (+18%) | before first round | 210 | unknown | D | 0% |
| 1 Nov 2022 | $34.1M | $11.8M – $98.2M | $40.2M (+18%) | before first round | 210 | unknown | D | 0% |
| 1 Dec 2022 | $34.6M | $11.9M – $101M | $40.7M (+18%) | before first round | 210 | unknown | D | 0% |
| 1 Jan 2023 | $35.1M | $11.9M – $104M | $41.2M (+17%) | before first round | 210 | unknown | D | 0% |
| 1 Feb 2023 | $45.6M | $13.8M – $111M | $54.8M (+20%) | before first round | 250 | up | D | 0% |
| 1 Mar 2023 | $46.3M | $13.8M – $114M | $55.6M (+20%) | before first round | 250 | up | D | 0% |
| 1 Apr 2023 | $47.1M | $13.9M – $118M | $56.3M (+20%) | before first round | 250 | up | D | 0% |
| 1 May 2023 | $47.8M | $14.0M – $121M | $57.1M (+19%) | before first round | 250 | up | D | 0% |
| 1 Jun 2023 | $48.6M | $14.0M – $124M | $57.9M (+19%) | before first round | 250 | up | D | 0% |
| 1 Jul 2023 | $49.4M | $14.1M – $128M | $58.6M (+19%) | before first round | 250 | up | D | 0% |
| 1 Aug 2023 | $50.2M | $14.1M – $131M | $58.9M (+17%) | before first round | 250 | up | D | 0% |
| 1 Sep 2023 | $41.6M | $12.8M – $135M | $48.2M (+16%) | before first round | 250 | unknown | D | 0% |
| 1 Oct 2023 | $42.2M | $12.8M – $139M | $48.4M (+15%) | before first round | 250 | unknown | D | 0% |
| 1 Nov 2023 | $56.1M | $15.2M – $153M | $65.1M (+16%) | before first round | 300 | up | D | 0% |
| 1 Dec 2023 | $57.1M | $15.3M – $157M | $65.4M (+15%) | before first round | 300 | up | D | 0% |
| 1 Jan 2024 | $58.1M | $15.4M – $162M | $65.7M (+13%) | before first round | 300 | up | D | 0% |
| 1 Feb 2024 | $59.0M | $15.5M – $166M | $66.0M (+12%) | before first round | 300 | up | D | 0% |
| 1 Mar 2024 | $60.0M | $15.5M – $171M | $66.3M (+11%) | before first round | 300 | up | D | 0% |
| 1 Apr 2024 | $60.1M | $15.4M – $173M | $65.5M (+9%) | before first round | 290 | up | D | 0% |
| 1 May 2024 | $61.0M | $15.4M – $178M | $65.8M (+8%) | before first round | 290 | up | D | 0% |
| 4 May 2024 | $7.2B | $4.7B – $12.1B | $7.9B (+10%) | after a round | 290 | up | B | 0% |
| 1 Jun 2024 | $7.3B | $4.7B – $12.1B | $7.9B (+9%) | after a round | 290 | up | B | 0% |
| 1 Jul 2024 | $7.3B | $4.7B – $12.1B | $7.9B (+8%) | after a round | 290 | up | B | 0% |
| 1 Aug 2024 | $7.4B | $4.7B – $11.9B | $7.7B (+5%) | after a round | 290 | flat | B | 17% |
| 1 Sep 2024 | $7.3B | $4.7B – $11.6B | $7.3B (0%) | after a round | 280 | flat | B | 34% |
| 1 Oct 2024 | $7.4B | $4.7B – $11.6B | $7.3B (-2%) | after a round | 280 | flat | B | 34% |
| 1 Nov 2024 | $7.4B | $4.7B – $11.6B | $7.2B (-3%) | after a round | 280 | flat | B | 34% |
| 1 Dec 2024 | $7.4B | $4.7B – $11.6B | $7.0B (-5%) | after a round | 280 | flat | B | 37% |
| 1 Jan 2025 | $7.5B | $4.7B – $11.6B | $7.0B (-7%) | after a round | 280 | flat | B | 37% |
| 1 Feb 2025 | $7.5B | $4.7B – $11.6B | $6.9B (-8%) | after a round | 280 | flat | B | 37% |
| 1 Mar 2025 | $7.5B | $4.7B – $11.6B | $6.8B (-9%) | after a round | 280 | flat | B | 37% |
| 1 Apr 2025 | $7.6B | $4.7B – $11.6B | $6.7B (-11%) | after a round | 280 | flat | B | 37% |
| 1 May 2025 | $7.6B | $4.7B – $11.6B | $6.8B (-11%) | after a round | 283 | flat | B | 34% |
| 1 Jun 2025 | $7.6B | $4.5B – $11.7B | $6.7B (-12%) | after a round | 283 | flat | B | 31% |
| 1 Jul 2025 | $7.6B | $4.3B – $11.7B | $6.7B (-11%) | after a round | 283 | flat | B | 29% |
| 1 Aug 2025 | $7.3B | $4.0B – $11.5B | $6.3B (-13%) | after a round | 264 | flat | B | 35% |
| 1 Sep 2025 | $6.8B | $3.8B – $11.2B | $5.4B (-21%) | after a round | 250 | down | B | 58% |
| 1 Oct 2025 | $6.8B | $3.6B – $11.2B | $5.4B (-20%) | after a round | 250 | down | B | 53% |
| 1 Nov 2025 | $6.7B | $3.4B – $11.3B | $5.5B (-18%) | after a round | 250 | down | B | 49% |
| 1 Dec 2025 | $6.0B | $3.2B – $11.0B | $4.3B (-28%) | after a round | 237 | down | C | 79% |
| 1 Jan 2026 | $5.9B | $3.0B – $11.0B | $4.2B (-28%) | after a round | 237 | down | C | 79% |
| 1 Feb 2026 | $5.7B | $2.9B – $11.0B | $4.1B (-28%) | after a round | 237 | down | C | 79% |
| 1 Mar 2026 | $5.5B | $2.8B – $11.0B | $3.8B (-30%) | after a round | 237 | down | C | 85% |
| 1 Apr 2026 | $5.3B | $2.6B – $11.1B | $3.7B (-30%) | after a round | 237 | down | C | 85% |
| 1 May 2026 | $5.2B | $2.5B – $11.1B | $3.6B (-31%) | after a round | 237 | down | C | 85% |
| 1 Jun 2026 | $4.8B | $2.4B – $11.1B | $3.0B (-36%) | after a round | 237 | down | C | 90% |
| 1 Jul 2026 | $4.6B | $2.3B – $11.2B | $2.9B (-36%) | after a round | 237 | down | C | 90% |
| 1 Aug 2026 | $4.5B | $2.2B – $11.2B | $2.8B (-37%) | after a round | 237 | down | C | 90% |
| 1 Sep 2026 | $4.4B | $2.0B – $11.2B | $2.7B (-37%) | after a round | 237 | down | C | 90% |
| 1 Oct 2026 | $4.2B | $1.9B – $11.3B | $2.6B (-37%) | after a round | 237 | down | C | 90% |
| 24 Oct 2026 | $4.0B | $1.9B – $11.3B | $2.0B (-49%) | after a round | 237 | down | C | 94% |
Key facts about Pine Gate Renewables
- Founded
- 2016
- Headquarters
- Asheville, United States
- Employees
- about 237 -15% in a year
- Total raised
- $650M
- Funding rounds
- 1
- Last round
- Growth Equity May 2024
Pine Gate Renewables was founded in 2016 by Ben Catt and Ray Shem.
Pine Gate Renewables funding history
Pine Gate Renewables has 1 funding round on record, from May 2024 to May 2024, $650M in total. None disclosed a valuation.
Growth Equity 3 May 2024
With Generate Capital, HESTA, Healthcare of Ontario Pension Plan.
Sources: esgtoday.com, torys.com
$650M
Pine Gate Renewables investors
3 investors have backed Pine Gate Renewables.
- Healthcare of Ontario Pension Plan
- HESTA
What Pine Gate Renewables does
Pine Gate Renewables works in solar energy company, with 7 recorded offerings and customers in renewable energy.
Pine Gate Renewables is a United States company engaged in the development, financing, construction, and operation of utility-scale solar and energy storage projects. The company provides renewable energy solutions, including solar and battery storage systems, and is involved in the ownership and operation of large-scale solar facilities. Pine Gate Renewables serves utilities, energy buyers, and communities across the United States.
Description from Veridion's company data.
Products and services
- Renewable Energy Solutions
- Renewable Energy Project Development
- Renewable Energy Project Financing
- Renewable Energy Project Construction
- Renewable Energy Project Operation
- Solar Energy System Development
- Energy Storage System Development
Markets
- Renewable Energy
Technology
- Utility-Scale Solar Power Generation
- Energy Storage Systems
Business model
- Business-to-Business
- Business-to-Consumer
- Service Provider
- Enterprise
Questions about Pine Gate Renewables
What is Pine Gate Renewables worth?
Valuation $4.0B (range $1.9B to $11.3B), as of 24 Oct 2026.
Has Pine Gate Renewables raised money?
Pine Gate Renewables has 1 funding round on record, from May 2024 to May 2024, $650M in total. None disclosed a valuation.
Who has invested in Pine Gate Renewables?
Generate Capital, Healthcare of Ontario Pension Plan and HESTA.
How many people work at Pine Gate Renewables?
About 237, down 15% over the last year. Headcount rose from 210 in Feb 2022 to 300 in Oct 2023, then fell to 237 in Nov 2025.
What does Pine Gate Renewables do?
Pine Gate Renewables works in solar energy company, with 7 recorded offerings and customers in renewable energy. Its main offerings are renewable energy solutions, renewable energy project development and renewable energy project financing.
When was Pine Gate Renewables founded, and where is it based?
Pine Gate Renewables was founded in 2016 and is based in Asheville, United States. It has about 237 employees, down 15% over the last year.