• Reunion

  Led · Seed · Jun 2023

  Reunion operates a marketplace that streamlines the transferability of renewable energy tax credits by standardizing legal documents, due diligence and insurance. The company plans to digitize and automate more of the process to democratize both the funding side and project side. Co‑founders Andy Moon and Billy Lee started the business shortly after the Inflation Reduction Act passed. Reunion raised a $2.9 million seed round led by Segue Sustainable Infrastructure and has been lining up customers since. This year the marketplace has about $300 million worth of credits for sale. Reunion is initially focused on buyers with $500 million or more in revenue but plans to open to smaller businesses and projects as it automates the process. Buyers on the marketplace typically receive a 7%–10% discount on credits.

• EV Realty

  Participated · Equity · Nov 2022

  EV Realty identifies under-utilized pockets of electrical grid capacity and converts nearby real-estate parcels into high-power charging hubs that can be shared by multiple commercial EV fleets. Its proprietary site-selection software layers grid data with vehicle density, traffic patterns and real-estate usage to pinpoint optimal locations. The company already runs five hubs across California situated near warehouses, ports and other industrial centers. It is now constructing a 76-stall fast-charging facility in San Bernardino that will include four pull-through Megawatt Charging System plugs capable of serving more than 200 Class 8 trucks daily. Modeled after the data-center REIT Digital Realty, EV Realty treats charging depots as a new infrastructure asset class. The recent capital infusion will fund additional California hubs and expand its portfolio beyond the current tens-of-megawatts scale. No revenue or user figures were disclosed, but management reports rising demand from fleets that have already begun electrifying.

No current team members are available.