Greentech Lead America: Clean Power Finance (CPF), the online marketplace for residential solar financing and solar sales software, has appointed Rajiv Ghatalia as chairman of its board of directors.
Ghatalia has experience leading teams for global financial institutions such as Goldman Sachs.
Ghatalia is currently the president of Hennessey Capital Management, a San Francisco-based investment firm. He spent sixteen years in Asia, first as a partner and co-head of investment banking for the Asia-Pacific region for Goldman Sachs, and later as a partner at Warburg Pincus where he focused on the firm’s special situations and financial services investments in Asia.
“Clean Power Finance is uniquely positioned to transform the way that clean energy is bought and financed,” Ghatalia said. “Its model is scalable, robust and attractive to both traditional and emerging solar investors. Most importantly, CPF boasts an impressive management team, which, along with a great business model, creates very exciting opportunities.”
The board of directors, now headed by Ghatalia, includes Nat Kreamer, Silicon Valley veteran Joe Kraus, project finance expert Ed Feo, and venture capitalists Ben Kortlang, Paul Straub and Alex Weiss.
Recently Clean Power Finance raised $37 million from Valley investors Kleiner Perkins, Google Ventures and Claremont Creek.
The company grew revenue by 325 percent last year. “Our rapidly growing market share and strong momentum across all areas of the business attracted power company investors that recognize the value of our solar marketplace business model,” said Nat Kreamer, CEO of Clean Power Finance.