Ireland-based Solar-as-a-Service provider UrbanVolt announced that it has raised £22.3 million (€26M) from Verdane, a European growth investor. The company says that the partnership will drive its expansion in Ireland and the UK, as well as push into new European markets.
“We are thrilled to have the support of Verdane, a renowned specialist growth investor and fellow certified B Corp company, who share our vision for a sustainable future,” says Kevin Maughan, co-founder and CEO of UrbanVolt.
“This investment will not only fuel our continued growth in the Irish market but also empower us to bring our innovative solar solutions to businesses across the UK and Europe. At UrbanVolt, we remain steadfast in our commitment to providing clean energy solutions that not only drive cost savings for our customers but also contribute to a greener and more sustainable world for generations to come,” he adds.
UrbanVolt has raised over €200 million in debt and equity to date.