Apricus Generation, a Miami, FL-based holding company focused on building a national distributed solar and battery development platform and Independent Power Producer (IPP), raised an undisclosed amount in Series A funding.
The round was led by Blue Marlin Partners and Current Yield with Participation (CYwP) Fund.
The company intends to use the funds to accelerate its business plan and support the growth of its recent acquisition of a controlling interest in Nexus Renewables, Inc., a Toronto-based developer of US solar and energy storage projects. It will also accelerate additional acquisition plans and the buildout of solar and battery energy systems.
Led by Gautam Chandra, Executive Chairman and Co-Founder, Apricus Generation is a holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP). Its platform enables consumers and businesses to participate in the energy transition by providing developers with management expertise and capital to advance their project pipeline to generation.
FinSMEs
28/08/2024