Tech Company Financing Transactions
Electron Funding Round
Electron, based in London, England, raised $4.9 million from East Innovate, Nesta Impact Investments and One Planet.
Transaction Overview
Company Name
Announced On
9/19/2023
Transaction Type
Venture Equity
Amount
$4,860,000
Round
Undisclosed
Investors
Proceeds Purpose
Optimising their use of both variable renewable power and network capacity based on time and location reduces network congestion, allows for a faster connection, and can reduce consumer bills.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
69 Notting Hill Gate
London, England, W11 3JS
UK
London, England, W11 3JS
UK
Phone
Website
Email Address
Overview
Our purpose at Electron is to accelerate the energy transition by unleashing renewable abundance. To do this, we're working to transform the way energy is traded to unlock resilient, low-cost, zero-carbon energy systems. We've made it our mission to help network utilities and municipal suppliers adopt and scale flexibility markets to manage grid congestion, improve connection rates, and lower bills.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joanna Hubbard
Chief Financial Officer
Robert Warner
Chief Operating Officer
Nicola Waters
Browse more venture capital transactions:
Prev: 9/19/2023: Virtual Incision venture capital transaction
Next: 9/19/2023: EverImmune venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs