Allumia
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | N/A | N/A | - |
$230k | Grant | ||
N/A | $2.4m | Early VC | |
* | $7.5m | Series A | |
N/A | Convertible | ||
Total Funding | CAD13.8m |
Recent News about Allumia
EditAllumia is a company that specializes in providing fully financed energy efficiency upgrades to commercial and industrial clients. Operating primarily in the energy efficiency market, Allumia offers a unique business model known as Efficiency as a Service (EaaS). This model allows clients to upgrade their facilities with energy-efficient solutions, particularly LED lighting, without any upfront costs. Allumia handles everything from design and installation to ongoing maintenance, ensuring a seamless transition to more efficient energy use. The company generates revenue by sharing the savings achieved through these upgrades with their clients, meaning they only get paid when their clients save money. This approach not only reduces energy consumption but also lowers maintenance costs, providing a comprehensive solution for businesses looking to improve their sustainability.
Keywords: energy efficiency, LED lighting, commercial clients, industrial clients, EaaS, zero upfront costs, facility upgrades, sustainability, maintenance savings, energy savings.