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San Francisco
Founder: Bob Cart
VC Investment over the last four quarters: $30.1 million

GreenVolts, a 40-employee solar photovoltaic company designed to supply clean energy to utility customers, has raised a total of $45 million in venture capital, including more than $30 million in the last four quarters. Founded in 2005, the company expects to demonstrate the technology on a small scale in order to prove its model before rolling out larger projects that will require more funding.

Key to startup success: "The company's commitment to innovation helps it remain distinct from the crowd, while its emphasis on execution over hype builds credibility and trust with the outside world. These are values appropriate for any company committed to long-term success."