From Pulse 2.0 · Amit Chowdhry · · 50s
Veckta Raises $11M for Solar and Storage Platform
Veckta secures $11M Series A to scale onsite solar and storage solutions for businesses.
In brief
Veckta secures $11M Series A to scale onsite solar and storage solutions for businesses. Veckta raised $11 million for its solar and storage platform to help businesses cut electricity costs and improve energy reliability. Originally reported by Pulse 2.0.
Funding Round
Veckta raised $11 million Series A led by Origin Ventures to expand its solar and storage platform.
Customer Base
Customers include Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co., and Regency Centers.
Market Opportunity
Analysis of 34,000 sites shows 37% could support solar or battery storage with positive returns today, representing $3.1 billion in project value.
Cost Savings
Customers paid 20% to 45% less than independent bids and completed projects in nine weeks versus 12-18 months.
The key point
Veckta raised $11 million for its solar and storage platform to help businesses cut electricity costs and improve energy reliability.
