Tonik Energy is a Birmingham-based independent supplier of renewable energy with nearly 100,000 members. It and sister company The Phoenix Works provide renewable energy supply and B2B/B2C green technology solutions. The group plans to accelerate rollout of an integrated strategy combining affordable energy supply with renewable and energy-saving technologies including solar power, electric vehicles, and battery storage. Tonik secured a £13 million capital investment funded by Mitsui and existing investors, with Mitsui taking a strategic minority stake. ClearlySo advised on the transaction, supporting management in structuring and completing the round amid challenging UK energy market conditions and regulatory interventions. The investment aligns with Mitsui's strategy to expand decarbonised, distributed and digitalized downstream energy business and is intended to help Tonik scale its high-impact offerings. Despite sector volatility, the deal signals growing institutional appetite for market-leading impact businesses.

Total raised

$17M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2019