Perch operates a clean energy technology platform and community solar servicer that handles customer acquisition, onboarding, lifecycle management, billing, and regulatory/policy support for solar developers and asset owners. The company provides services for more than 140 active community solar projects and has contracted over 250 MW of capacity. Since launching as an independent company in early 2021, Perch has doubled its number of clients and markets, and contracted annual recurring revenue grew by approximately 30% in six quarters. Perch reports its platform has helped renters, homeowners, and businesses save more than $21 million cumulatively and that projects it services have generated or will generate over one billion kWh across Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, and Washington, D.C. The company plans to expand into new sales channels, products, and community solar markets (including planned expansion into California, Delaware, Illinois, and Virginia), scale operations and customer care, grow management talent, and pursue strategic partnerships. Perch Energy provides a community solar services and management platform plus a direct-to-consumer energy platform for homeowners, renters, businesses, and solar farm owners. The company offers onboarding, billing, customer engagement, and an automated platform to help customers customize their energy mix and savings. Perch was spun off from BlueWave Solar and operates with an established customer and revenue base. To date it has enabled more than 8,100 community solar subscriptions and delivered over $9.7 million in customer savings. Perch plans to use new funding to add talent and resources, build upon its community solar services and management platform, expand its direct-to-consumer offering, and accelerate growth into an expanding list of U.S. markets. The company recently appointed Bruce Stewart, an energy and technology executive, as CEO to lead the next stage of growth.

Total raised

$36M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2023