Nexamp, a Boston, MA-based provider of solutions for people to interact with the electricity that powers their lives, raised $680m in funding.
This includes:
- $240m equity investment led by Generate Capital.
- $440m in debt financing.
The company intends to use the funds to:
- expand its capabilities, extending clean energy savings and other benefits to more markets, and
- continue expanding its team to develop additional retail solutions for consumers and businesses.
Led by CEO Zaid Ashai, Nexamp develops, designs, builds and operates distributed solar and energy storage solutions which have reached approximately 40,000 customers across 10 states.
With a customer base of consumers and businesses, Nexamp already has a proven community solar program and also offers a variety of standalone and co-located energy storage solutions as well as utility scale solar services.
Nexamp has more than 300 employees.
FinSMEs
18/08/2021