Allumia Closes Series A2 Financing To Advance Energy Efficiency-As-A-Service Technology Platform
Feb 08, 2022•over 3 years ago
Round Type
series a
Description
Allumia today announced it has raised $7.5 million in Series A2 round financing, led by existing investor JW Asset Management with participation from American Electric Power (AEP) and Duke Investments LLC. The purpose of this financing is to accelerate development of Allumia’s Energy Efficiency-as-a-Service (EaaS) technology platform for large-scale deployment of energy efficiency solutions for utilities’ mass-market commercial and industrial (C&I) customers.