-14%

est. 2Y upside i

Climate TechSeries D+

Rank

#2636

Sector

Clean Energy Software

Est. Liquidity

~3Y

Data Quality

Data: Medium

The equity offer carries significant downside risk given the entry valuation of $5.4B (32x trailing revenue).

Last updated: July 19, 2026

Bull (30%)+93%

IPO window opens and category leadership sustains multiples at 32x forward revenue, yielding exit ~$11.4B. Net of 20% dilution, upside ~93%.

Base (55%)-53%

Multiple converges to public comp range of 10x on projected revenue $361M, implying $3.6B exit. Net of dilution, downside ~53%.

Bear (15%)-86%

Growth decelerates and multiple compresses to 5x, exit ~$1.8B. Net of dilution, downside ~86%. Preference stack doesn't impair common at this level.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

10%

Total funding of $537M represents 10% of the secondary valuation, so preference overhang is moderate but not severe.

Dilution Risk

high

With $537M raised and last round over 4 years ago, a new financing round is likely within 24 months, potentially diluting common by 15-25%.

Secondary Liquidity

limited

Secondary market transactions exist (implied at $5.4B), but liquidity is limited for employees and depends on company permission.

Engineering — 6 roles

Product & Design — 2 roles

Sales — 2 roles

View all 10 open roles at Aurora Solar →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Aurora Solar's data — designed to show you've done your homework.

  • 1

    “How does Aurora plan to sustain 70%+ growth as the base grows and competition intensifies?”

  • 2

    “What is the path to profitability and how does the unit economy look?”

  • 3

    “Given the high valuation, what is the expected timeline to liquidity and how does the company view secondary market transactions for employees?”

Community

Valuation Sentiment

Our model estimates -14% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.