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Arcadia Power has filed a notice of an exempt offering of securities to raise $49,104,982.00 in New Equity Investment.

Arcadia Power has filed a notice of an exempt offering of securities to raise $49,104,982.00 in New Equity Investment.

May 1, 2024 Craig Etkin

According to filings with the U.S. Securities and Exchange Commission, Arcadia Power is raising up to $49,104,982.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Kiran Bhatraju played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Arcadia Power
Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea everyone deserves access to clean energy. Arcadia breaks the fossil fuel monopoly by creating unprecedented access to energy data and renewable energy sources through its technology platform, Arc, and its community solar program. Arc fuels the renewable energy revolution by accessing data from 125 utilities nationwide, covering more than 72% of US electric utility accounts. Arcadia manages over five Terawatt-hours of residential and commercial energy demand and is the largest manager of community solar assets in the country.

To learn more about Arcadia Power, visit http://arcadiapower.com/

Contact:
Kiran Bhatraju, Chief Executive Officer
866-526-0083
https://www.linkedin.com/in/kiran-bhatraju-834a7118/

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


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