Allumia offers an EaaS technology platform that automates the full lifecycle of commercial and industrial efficiency projects, including solution design, project workflow, document management, performance monitoring, revenue-grade metering, M&V, monthly billing, and long-term maintenance. The platform enables utilities to deliver and fund efficiency projects at scale while reducing costs for discovery, project management, metering and verification, and ongoing service. Allumia finances, installs, and maintains efficiency solutions for customers and shares a percentage of savings, using a shared-savings model to shift capital and performance risk away from end customers. The company serves commercial and industrial customers nationwide and also works through utility partnerships. Management plans to continue developing the core technology and grow the team to expand deployment into the mass C&I market. The company recently completed a financing to support product development and scale.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2022