Elum Energy, a Paris, France-based provider of advanced energy management solutions for renewable energy systems, has raised $13 million in Series B funding.
Investors
The round was led by Energize Capital, with support from Alter Equity and Cota Capital.
Energize Capital, based in Chicago and founded in 2016, is a prominent investor in climate solutions. With over $500 million deployed across 28 companies, Energize partners with innovators in sustainable technology. Backed by Invenergy and supported by institutional and impact investors like CDPQ, Credit Suisse, GE Vernova, Xcel Energy, and Caterpillar, the firm focuses on scaling sustainable innovations through venture capital and growth equity.
Elum Energy Use of Funds
The investment will drive Elum Energy's growth, including a U.S. launch and innovations in energy storage and EV integration.
About Elum Energy
Elum Energy provides an advanced energy management solutions for renewable energy systems. Their technology focuses on optimizing the performance and integration of solar photovoltaic (PV) projects, energy storage, and electric vehicle (EV) charging systems. The company leverages cutting-edge technology to enhance the performance and reliability of solar and storage systems worldwide. Elum Energy's mission is to make renewable energy more accessible and efficient, contributing to a sustainable future. The company has expanded internationally, opening offices in Spain, Nigeria, and Madagascar, and now manages over 2,500 projects across 50 countries.
Funding Details
Company: Elum SAS
Raised: $13.0M
Round: Series B
Funding Date: September 2024
Lead Investors: Energize Capital
Additional Investors: Alter Equity, Cota Capital
Company Website: https://elum-energy.com/
Software Category: Energy Management
Source: https://www.prnewswire.com/news-releases/elum-energy-secures-13-million-in-series-b-funding-to-accelerate-growth-and-innovation-in-renewable-energy-management-worldwide-302243031.html