Solstice raises $3.1 million

Solstice Raises $3.1M to Offer Affordable and Inclusive Renewable Energy to Households Across the United States

PR Web  •   Jan. 15, 2021

Solstice raises $3.1 million for community solar and other affordable renewable energy projects. The funding was led by Total Carbon Neutrality Ventures with additional investments from American Family Insurance Institute for Corporate and Social Impact, Massachusetts Clean Energy Center, Schneider Electric Ventures, Next Wave Impact, Active Impact Investments, Powerhouse Ventures, Gratitude Railroad, H/L Ventures, SustainVC, Halcyon Angels, and prominent angel investors.

The funding will be used to expand Solstice’s operations to additional states in 2021 following a year of unprecedented household impact and revenue growth for the company in which it quadrupled its revenue run rate. Initially, Solstice will focus on Illinois, Massachusetts, New York, Maine, New Jersey, with more states quickly following.