ElectronX Raises $15M in Seed Funding led by Innovation Endeavors
06/12/24, 8:50 PM
Location
chicagoMoney raised
$15 million
Industry
renewable energy
energy
Round Type
seed
Investors
Lightning Capital, Box Group, Amplo, Dcvc, Innovation Endeavors
ElectronX, a Chicago, IL-based energy exchange, raised $15m in seed funding to accelerate the U.S. grid transition to renewable sources. The round saw participation from DCVC, Amplo, BoxGroup and Lightning Capital, with the funds intended for expanding operations and development efforts.
Company Info
Location
chicago, illinois, united states
Additional Info
ElectronX (EXI) is a new energy exchange created to help accelerate the U.S. grid transition to renewable sources, providing power market participants with innovative electricity trading products to manage price risk against short-term volatility. With offices in Chicago and New York, ElectronX is building the U.S.-regulated financial infrastructure necessary to support increased investment in clean energy development.