• Lumio

  Participated · Equity · Dec 2021

  Lumio builds and installs residential solar energy systems and extends value beyond the rooftop into the home with connectivity and home services technology. The company emphasizes faster, more reliable installation and easier financing to increase adoption and customer satisfaction. Lumio reports an average installation time of 35 days versus an industry average of roughly 75 days, which it says cuts costs and boosts velocity. It offers financing options with instant approvals and competitive rates to make purchasing easier for homeowners. Lumio says it has achieved consistently higher revenue growth rates and attractive levels of profitability and will use new economies of scale from recent funding to make solar more accessible and mainstream. The company centers its strategy on decentralizing power, elevating communities, and advancing sustainability through technology-enabled, scaled home energy solutions.

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