John Baumstark is managing director at Resurgens Technology Partners. He was the founding Chairman and CEO of Suniva, Inc., a leading manufacturer of highly-efficient, affordable solar cells and modules. Suniva evolved in 2007 from John's collaboration with Dr. Ajeet Rohatgi, Regent's professor and founding director of Georgia Tech's University Center of Excellence for Photovoltaics (UCEP). Under John's leadership, Suniva has raised $130 million from top venture capital firms and private equity companies, including New Enterprise Associates (NEA), Warburg Pincus, HIG Ventures, and Goldman Sachs.
In October 2008, Suniva began production of its first-generation solar cells, achieving the fastest production ramp-up in solar manufacturing. In just three years, Suniva has expanded its production capacity from 30MW to 170 MW; set world records for solar cell efficiencies; implemented its next generation technology, and was named 2010's Commercial Technology of the Year by Platts Global Energy and Renewable Energy Exporter of the Year by the Export-Import Bank of the United States where John had the honor of accepting the award and introducing President Obama before his major policy speech on U.S. exports. For two years consecutive years, the Wall Street Journal ranked Suniva #2 in its list of the Top 10 Venture-Backed Clean Technology Companies and placed them on the Top 50 Venture-Backed Companies across all industries list (2010, 2011). Suniva has also earned top rankings in Greentech Media's Top Fifty Green Start-ups (2008, 2010), and by AlwaysOn GoingGreen as one of the Top 50 green technology companies in the Eastern U.S.
John has more than 20 years' experience in early and late-stage private and public companies. Prior to founding Suniva, John was an operating partner at H.I.G. Ventures, providing overall strategy for the fund as well as development of portfolio companies.