Arcadia Power Secures $6 Million
June 2, 2017
Alternative energy startup Arcadia Power announced it has raised $6 million in Series A financing. Three investors participated in the round: Energy Impact Partners, Box Group, and Wonder Ventures.
Arcadia Power remakes and personalizes the customer experience dealing with utility companies from the ground-up. It offers customers seamless monthly billing, access to wind energy, community solar programs, and on-bill financing of energy-efficient products. Arcadia Power was founded in 2014, has customers across all 50 states, and is a Certified B-Corp.
According to the company, it will use the funds to increase utility partnerships, expand its community solar projects, and roll out new product offerings.