Monalee, a Boston, MA-based climate technology company focused on accelerating the adoption of home solar, storage, and EV charging, received a $10M financing facility from Applied Real Intelligence.
The company intends the use the funds to accelerate its growth while minimizing equity dilution for its founders.
Led by CEO Walid Halty, Monalee is a clean energy company providing Artemis, an AI-powered platform that helps solar installers and energy providers grow by enabling them to generate precise 3D solar designs in under 10 seconds, provide financing comparisons, and streamline the entire fulfillment process. It enables solar companies to reach new customers, increase revenue, and improve the customer experience.
The company has raised over $13M in equity capital, with backing from investors in the technology and consumer sectors, including Ludlow Ventures, Shrug VC, Coalition Operators, Plug and Play Ventures, Palm Tree Crew (founded by Norwegian DJ Kygo), and The Pags Group (led by Boston Celtics’ owner Steve Pagliuca).
FinSMEs
16/01/2025