Elum Energy, a Paris, France-based provider of advanced energy management solutions for renewable energy systems, raised $13M in Series B funding.
The round was led by Energize Capital, with participation from Alter Equity and Cota Capital.
The company intends to use the funds to support its growth plans to address the global renewable market, including a U.S. launch, as well as product evolution within the energy storage and EV integration categories.
Led by CEO Cyril Colin, Elum Energy is a provider of advanced energy management solutions for renewable energy systems. The company specializes in industrializing the monitoring and control of standard and hybrid solar PV projects, ensuring integration across commercial and industrial (C&I) installations, microgrids, and utility-scale projects.
In 2023, the company extended its worldwide presence in opening three new offices in Spain, Nigeria and Madagascar and now has over 2,500 projects in 50 countries and more than 350 clients.
Commenting on the news, Cyril Colin said: “Elum provides a future-proof, interoperable solution for monitoring and control of today’s energy systems. We are excited to partner with Energize, an investor with energy expertise and a shared vision, to build an intelligent, robust and flexible grid powered by renewables and managed by scalable software technology.“
FinSMEs
10/09/2024