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Ivy Power Secures $18M in Collection A Funding Set to Speed up Onsite Photo voltaic for Multi-tenant Properties

Ivy Power Secures $18M in Collection A Funding Set to Speed up Onsite Photo voltaic for Multi-tenant Properties

Cleantech San Diego member and Southern California Power Innovation Community firm Ivy Power, the creator of the trailblazing Digital Grid Cloud software program, introduced the closing of a $18 million Collection A funding spherical. This funding spherical, led by SolarEdge, a world chief in sensible vitality expertise, considerably advances Ivy Power’s quest to remodel the adoption of photo voltaic vitality inside shared communities, catalyzing a big shift in the direction of sustainability in an underserved actual property enviornment and combating local weather change. Ivy’s breakthrough expertise allows property house owners to hedge towards utility inflation, sustain with sustainability mandates, and enhance their belongings’ tangible market worth. Residents, in flip, get pleasure from decrease vitality payments and the satisfaction of contributing to a greener planet.


In a difficult monetary local weather, Ivy Power’s method and imaginative and prescient for a renewable future drew substantial investments from notable buyers, together with GreenSoil PropTech Ventures, American Household Insurance coverage Institute for Company and Social Influence (AmFam Institute), Legacy Capital VenturesEnki Photo voltaic Investments, and Unit Chief. This signaled a powerful market perception within the potential for a distributed energy revolution that brings extra stability and advantages to native communities and property house owners.


“As ClimateTech buyers, we search for options that assist speed up the decarbonization of the Constructed Surroundings throughout all asset courses. As onsite solar energy era continues its fast development, shared areas like multifamily housing are being ignored,” famous Dave Kolada, Managing Associate, GreenSoil PropTech Ventures and Board Member of Ivy Power. “We’re bullish on Ivy as its SaaS answer helps open up an enormous new asset class for clear vitality manufacturing whereas making a win-win for Actual Property house owners and tenants.”


Charting a Sustainable Path Ahead

“Ivy was based on the idea of democratizing clear vitality entry by straight addressing the obstacles which have blocked renewable vitality investments in multi-unit environments. Our platform unlocks new web working earnings for purchasers and financial savings to renters–all whereas enhancing grid worth and stakeholder alignment. This funding provides us the sources to scale in earnest, making use of our best-in-class software program answer to allow onsite photo voltaic and distributed vitality sources for multi-tenant properties” – Dover Janis, CEO of Ivy Power


The problem of cut up incentives has traditionally created obstacles to the adoption of onsite photo voltaic and distributed vitality sources. Consequently, property house owners haven’t been capable of successfully monetize onsite vitality programs, and photo voltaic belongings on multi-tenant properties are lagging far behind different courses of actual property. Ivy has pioneered an answer to beat these obstacles to adoption by means of its award-winning Digital Grid software program, powered by proprietary algorithms and sensible grid applied sciences.


The Collection A funding lays a basis for Ivy to construct on its early success, as the corporate is poised to increase its technological and geographic footprint with progressive options for vitality administration in shared dwelling areas. Ivy is main the best way to equitable entry to photo voltaic vitality for all residents and optimized returns to property house owners.


“Ivy Power is well-positioned as the primary end-to-end digital platform for managing shared onsite vitality applications. Our SaaS merchandise ship the financial and social advantages of fresh vitality to tenants of multi-unit properties whereas growing income for property house owners and driving advantages for the whole grid. With this new financing, Ivy is about to convey our options to extra jurisdictions as we introduce new merchandise, enhanced end-user experiences, and extra income streams for Ivy’s purchasers throughout verticals. We’re past excited for this subsequent section in our development, as we work to remodel our vitality financial system by unleashing the dormant potential of distributed vitality sources on multi-tenant actual property.” – Adam Masser, COO of Ivy Power.


About Ivy Power

Ivy Power is on the forefront of the clear vitality transformation for multi-tenant actual property, providing a complete suite of onsite vitality transaction merchandise and technology-enabled providers. Central to this suite is Ivy’s Digital Grid Cloud, which unlocks photo voltaic vitality distribution and battery storage to boost property proprietor revenues and decrease tenant vitality prices. Along with revolutionizing distributed vitality administration, Ivy Power offers a seamless EV charging product, integrating electrical automobile infrastructure into its sensible vitality options. With a give attention to proprietor income, compliance, and a data-centric method, Ivy Power simplifies the administration of photo voltaic vitality and EV charging throughout a number of models whereas offering a best-in-class resident expertise. Ivy Power is paving the best way for a greener future, seamlessly mixing expertise with sustainability.


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