Key Takeaways
- • Voltus, a distributed energy resource platform, raised $225 million in an oversubscribed Series D financing round, according to the company's announcement.
- • The round was co-led by Generation Investment Management, Activate Capital, and Vitol.
- • Other participating investors include Broadscale Group, Climate Investment, NGP, Ajax Strategies, and All Aboard Fund.
- • The financing positions Voltus to scale its distributed energy resource business, though the primary source does not disclose valuation or use of proceeds.
Summary
Voltus, described as a leading distributed energy resource platform, announced it has raised $225 million in an oversubscribed Series D financing round, according to the company's announcement datelined San Francisco.
Generation Investment Management led the round, with Activate Capital and Vitol serving as co-leads. The round also drew participation from Broadscale Group, Climate Investment, NGP, Ajax Strategies, and All Aboard Fund. The oversubscribed nature of the round indicates strong demand from investors for the company's distributed energy platform.
The primary source does not provide details on the company's valuation, revenue, or specific deployment plans for the new capital. Investors should consult the company's disclosures for further information on terms and strategy.
Generation Investment Management led the round, with Activate Capital and Vitol serving as co-leads. The round also drew participation from Broadscale Group, Climate Investment, NGP, Ajax Strategies, and All Aboard Fund. The oversubscribed nature of the round indicates strong demand from investors for the company's distributed energy platform.
The primary source does not provide details on the company's valuation, revenue, or specific deployment plans for the new capital. Investors should consult the company's disclosures for further information on terms and strategy.
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