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Energy-efficiency startup Allumia lands $7.5M to offer no-money-down commercial upgrades

Lisa Stiffler on GeekWire reports that Allumia has landed $7.5 million in additional funding.

The C3 Take
  • Allumia is a Seattle-based company that helps businesses retrofit their facilities to become more energy efficient.
  • Allumia is unique in that it helps its clients pay for and monitor energy efficiency upgrades through an online platform.
  • Buildings are responsible for about 40% of global emissions.
  • Business such as Allumia are leading the way to a more sustainable futute.

“Allumia underwrites their customer’s loan to pay for the more efficient equipment. Customers sign 5-to-7 year contracts, during which time they pay back the loan. Services covered by the contract include Allumia’s energy use performance monitoring and maintenance of the equipment upgrades.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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