Venture-backed Nexii to acquire Solar Earth Technologies

Nexii's backers include Horizon Technology Finance Corp and Trinity Capital.

  • Solar Earth embeds solar cells into a rock-hard, resilient surface
  • Nexii is a green construction startup based in Vancouver
  • Nexii this year raised $35 million in financing led by Horizon Technology Finance Corp and Trinity Capital

Nexii Building Solutions has agreed to acquire Vancouver-based Solar Earth Technologies, a maker of hardened solar power panels. No financial terms were disclosed.

Nexii also has its headquarters in Vancouver.

Solar Earth embeds solar cells into a rock-hard, resilient surface. It has more than a dozen live projects globally, with installations at Thompson Rivers University in Kamloops, Stellenbosch University in South Africa, Daxing Green Village in Beijing, China, and the City of Tampa in Florida generating clean electricity from Solar Earth’s power-generating sidewalks. The company has more than 50 projects in development.

“With our shared vision to create a net zero future and by combining our technologies, we believe we have the opportunity to make net positive energy buildings a reality. We look forward to working with Solar Earth to rapidly scale, and meet the market demand for smart pavement technology,” said Stephen Sidwell, CEO and co-founder of Nexii, in a statement.

Nexii Building Solutions Inc designs and manufactures low-carbon buildings and products to reduce the climate impact of our built environment.

Earlier this year, Nexii raised $35 million (C$45 million) in follow-on financing led by Horizon Technology Finance Corp and Trinity Capital.