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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.”

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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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