Solar Universe Raises $7 Million To Franchise Solar Installation

Solar Universe — a company building a franchise of solar installers across North America — raised a $7 million series b investment led by RockPort Capital , the company announced today. Abe Yokell, a principal with RockPort is joining the Livermore, California company's board. The founder and chief executive of Solar Universe , Joe Bono, said he was able to lock in the series b investment because: "Unlike our competitors, [our business] requires very little capital to scale, a fact that we have proven by consistently performing to plan, and achieving our goals quarter after quarter." Solar Universe competitors, like SolarCity — which won The 2010 Best Clean Tech Crunchies Award — or Sungevity , generate revenue directly...