Insights

Acquisition Growth Spruce Power is a major owner-operator of residential solar portfolios and continues to expand through acquisitions, presenting ongoing cross-sell opportunities for servicing, portfolio management, and backup servicing to new sellers and lenders.

Servicing Platform Spruce PRO offers end-to-end, U.S.-based servicing capabilities including billing, collections, O&M oversight, investor-ready reporting, and SREC monetization, making it an attractive primary or backup servicer for asset owners seeking reliability and scalability.

Diversified Solutions The platform supports selling, servicing, security, and continuity needs across various portfolio stages, enabling tailored proposals to asset owners, lenders, and trustees looking to optimize performance or transition servicing.

Strategic Partnerships Recent collaborations, such as the Treehouse electrification software alliance, indicate a push into home battery storage and related services, opening doors for bundled offerings combining solar, storage, and monitoring.

Growth Signals Leadership hires in finance and announced cost-saving measures alongside office consolidations suggest a disciplined growth strategy with potential for scalable servicing deals, risk management solutions, and performance enhancements for large residential portfolios.

Similar companies to Spruce PRO, powered by Spruce

Spruce PRO, powered by Spruce Tech Stack

Spruce PRO, powered by Spruce uses 8 technology products and services including Amazon Web Services, WordPress, Zendesk, and more. Explore Spruce PRO, powered by Spruce's tech stack below.

Media & News

Spruce PRO, powered by Spruce's Email Address Formats

Spruce PRO, powered by Spruce uses at least 3 email formats:
Spruce PRO, powered by Spruce Email FormatsExamplePercentage
FLast@xlfleet.comJDoe@xlfleet.com
96%
First-Last@xlfleet.comJohn-Doe@xlfleet.com
4%
FLast@sprucepower.comJDoe@sprucepower.com
100%

Frequently Asked Questions

What is Spruce PRO, powered by Spruce's phone number?

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You can contact Spruce PRO, powered by Spruce's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Spruce PRO, powered by Spruce's official website and social media links?

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Spruce PRO, powered by Spruce's official website is sprucepower.com and has social profiles on LinkedIn.

How much revenue does Spruce PRO, powered by Spruce generate?

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As of August 2026, Spruce PRO, powered by Spruce's annual revenue is estimated to be $25M - $50M.

What is Spruce PRO, powered by Spruce's NAICS code?

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Spruce PRO, powered by Spruce's NAICS code is 5416 - Management, Scientific, and Technical Consulting Services.

How many employees does Spruce PRO, powered by Spruce have currently?

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As of August 2026, Spruce PRO, powered by Spruce has approximately 20 employees across 2 continents, including North America and Asia. Key team members include President: T. H., Asset Manager: P. D. and Principal Controls Engineer: A. G. Explore Spruce PRO, powered by Spruce's employee directory with LeadIQ.

What industry does Spruce PRO, powered by Spruce belong to?

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Spruce PRO, powered by Spruce operates in the Services for Renewable Energy industry.

What technology does Spruce PRO, powered by Spruce use?

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Spruce PRO, powered by Spruce's tech stack includes Amazon Web Services, WordPress, Zendesk, NetSuite, Microsoft 365, Salesforce Service Cloud, HubSpot and Microsoft Azure.

What is Spruce PRO, powered by Spruce's email format?

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Spruce PRO, powered by Spruce's email format typically follows the pattern of FLast@xlfleet.com. Find more Spruce PRO, powered by Spruce email formats with LeadIQ.

How much funding has Spruce PRO, powered by Spruce raised to date?

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As of August 2026, Spruce PRO, powered by Spruce has raised $176M in funding. The last funding round occurred on Jul 01, 2024.
Spruce PRO, powered by Spruce logo

Spruce PRO, powered by Spruce

Services for Renewable EnergyTexas, United States11-50 Employees

XL Fleet, operating under Spruce Power, is a Houston-based services provider in the renewable energy sector that focuses on managing and servicing residential solar portfolios. Its offerings center on an end-to-end servicing platform that supports third-party owners, lenders, and trustees with system monitoring, billing, collections, financial reporting, and SREC registration and monetization, all designed to maximize performance and resilience of solar assets.
The company targets residential and commercial/industrial solar portfolios, assisting portfolio owners at various stages—whether selling, seeking improved servicing, or building longer-term operational infrastructure. Based in Houston, XL Fleet (through Spruce Power) positions itself as a stabilizing partner capable of providing backup servicing and investor-ready reporting, with a nationwide reach and dedicated, U.S.-based client support.

Section iconCompany Overview

Phone number
NAICS Code
5416 - Management, Scientific, and Technical Consulting Services
Employees
11-50

Section iconFunding & Financials

  • $176M

    Spruce PRO, powered by Spruce has raised a total of $176M of funding over 9 rounds. Their latest funding round was raised on Jul 01, 2024 as a Post IPO Debt.

  • $25M - $50M

    Spruce PRO, powered by Spruce's revenue is estimated to be in the range of $25M - $50M

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