VECKTA Raises $11 Million to Build the Buyer's Side of the Onsite Solar and Storage Market

Origin Ventures leads a Series A for the platform and marketplace, which finds that one in three business sites is financially feasible for solar and storage today

SAN DIEGO, Oct. 20, 2026 /PRNewswire/ -- VECKTA, a planning and procurement platform for onsite energy, today announced an oversubscribed $11 million Series A led by Origin Ventures. The profitable company will use the funding to expand its U.S. customer team, product, partnerships and supplier network as more businesses look to generate and store electricity at their own facilities. VECKTA's customers include Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers, and its collaborative relationships include JLL, Voltus, Leap and Cascade Energy.

For many U.S. businesses, securing reliable electricity at a predictable cost now shapes decisions about where and how quickly to expand. Commercial electricity prices rose an average of 23% from 2020 to 2024 and 5.6% in the first seven months of 2026, according to U.S. Energy Information Administration data, and they are likely to stay under pressure because demand is growing faster than new power plants can connect to the grid. Generating and storing energy onsite gives businesses control over costs and supply. Maximizing these benefits requires choosing locations where the economics work and paying a fair price for the system.

Changing electricity rates, incentives, utility programs and market dynamics make it challenging for businesses to know which sites to prioritize and what system configurations are financially optimal. The procurement process introduces additional hurdles related to supplier qualification, sourcing high-quality, comparable proposals and requiring the right project terms and conditions. Companies end up overpaying, building a suboptimal system or leaving profitable projects unbuilt.

Using only a property address, VECKTA's platform draws on more than 5,000 data points to return a business case and recommended solar and storage system configuration for each site in under a minute. Companies assessing a broader portfolio can isolate which projects to prioritize based on economic return and monitor marginal projects for future deployment. Customers then approach the market through VECKTA's marketplace knowing what system is right for them, how they want to pay for it and what it should cost. VECKTA's team issues a standardized request for proposals to prequalified suppliers so that each one prices the same scope and the customer can compare offers side by side.

When VECKTA's platform analyzed about 34,000 customer sites, it found that 37% could support solar or battery storage with positive returns today, representing $3.1 billion in project value. VECKTA estimates that figure will grow nearly fourfold to $12 billion within five years, with $52 billion in potential utility savings, as the levelized cost of solar and storage falls below utility rates in as many as 29 states.

This year, VECKTA customers contracted for onsite energy systems at 128 sites and paid 20% to 45% less than bids they sourced themselves. The fastest project went from first assessment to signed contract in nine weeks, while such projects typically take 12 to 18 months. The company also supports the deployment of other onsite energy technologies, such as waste-heat-to-power, electric vehicle chargers and generators.

"The most dangerous decision a business can make about its energy is acceptance of the status quo," said Gareth Evans, CEO and co-founder of VECKTA. "Rates will continue to rise and the grid will continue to be constrained, making the imperative for businesses to find profitable solutions more acute. VECKTA provides the de-risked, data-driven and scalable process for deploying onsite energy systems necessary for the realities of this dynamic and complex market."

"Onsite energy has become a capital allocation decision for large companies, and the market hasn't given them the information to make it with confidence," said Scott Stern, partner at Origin Ventures. "VECKTA built its business on the buyer's side — helping companies know what to build, where, and what it should cost before they go to market. That's where we think the real value gets created."

With the new funding, VECKTA will expand its team and platform capabilities to support the entire life cycle of an onsite energy asset and automate the analysis of more ancillary revenue opportunities. The company will also grow its network of more than 3,000 vetted suppliers and its partner ecosystem as it adds customers across the U.S.

The round includes new and existing investors Tech Square Ventures, VoLo Earth Ventures, Cove Fund, Catalyst by Wellstar, Engage, Emerald Bay Ventures, She's Independent Investments and Mobilize AI x Energy Ventures, and builds on VECKTA's 2023 seed round.

About VECKTA

VECKTA helps businesses and real estate owners decide where onsite energy pays off and buy it at a competitive price, across one site or an entire portfolio. Its planning and procurement platform pairs automated site analysis with a marketplace of prequalified suppliers, and VECKTA specialists support customers through each decision. Learn more at veckta.com.

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SOURCE VECKTA