Omnidian closes US$ 33m Series B raise for organization expansion

Sep 24, 2021 12:24 PM ET
  • US nationwide domestic and also C&I solar plant efficiency assessment firm Omnidian has actually finished a US$ 33 million Series B raising.
Omnidian closes US$ 33m Series B raise for organization expansion
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The funds will certainly be utilized to expand into brand-new asset courses consisting of energy storage, electric vehicle charging as well as heat, air flow and also air conditioning, said Omnidian CEO and founder Mark Liffmann.

"Our new capital partners share our vision of supplying solar power customers with a reduced expense of ownership, less risk and also a transformational client experience," said Liffmann.

The round was led by Activate Capital. Additional round individuals consisted of Liberty Mutual Insurance and WIND Ventures, the strategic financial backing arm of Chilean international energy firm Copec, in addition to existing investors City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry and Blue Bear Capital.

"Omnidian is an important innovation for the energy change making the adoption of distributed energy sources like solar less complicated for house owners as well as companies," stated Raj Atluru, taking care of supervisor of Activate Capital.

"Omnidian's smart possession administration platform treats these IoT linked assets as critical infrastructure, ensuring the fast fostering of renewable generation and also the resiliency of our grid," added Eric Meyer vice president of Activate Capital.

Omnidian, which currently takes care of greater than 1.7 GW of power for its customers, has recently launched a solution for energy storage space systems, both at the domestic and also C&I level. It likewise intends to deploy artificial intelligence (AI) as well as machine learning processes to various other energy areas in the future, according to a company media release.


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