Lightshift Energy Raises $100 Million from Greenbacker Capital Management to expand utility-scale battery storage across North America.
Amount Raised
$100 Million
Round Type
Funding Round
Arlington CountyEnergyRenewable EnergyInvestors
Description
Lightshift Energy, formerly known as Delorean Power, has announced capital infusions totaling $100 million from Greenbacker Capital Management LLC. The company has secured $20 million from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms, and $80 million from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. The funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline.
Quick answer
Lightshift Energy raised $100 Million in a Funding Round round, dated March 28, 2024. Investors: Greenbacker Capital Management LLC. Lightshift Energy is based in Arlington County, Virginia, United States.
- How much did Lightshift Energy raise?
- Lightshift Energy raised $100 Million in a Funding Round round on March 28, 2024.
- Who invested in Lightshift Energy?
- Greenbacker Capital Management LLC is named as investors in this round.
- What does Lightshift Energy do?
- Lightshift Energy, formerly Delorean Power, is a utility-scale energy storage development company that is transforming the way utilities manage and distribute power.
- Where is Lightshift Energy based and how big is it?
- Lightshift Energy is based in Arlington County, Virginia, United States. Fundz records about 38 employees.
- Who are the decision-makers at Lightshift Energy?
- Fundz holds 1 contact at Lightshift Energy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Lightshift Energy that raised within 45 days of this round, from Fundz verified event records.
- Yellow raised $5M (Seed) on May 9, 2024.
- Matrix Renewables raised $324M (Debt Financing) on May 8, 2024.
- SinglePoint Inc. raised $1M (Seed) on May 8, 2024.
- everyone energy raised $1.1M (Seed) on May 7, 2024.
- Aura Power raised $13M (Grant) on May 1, 2024.
- Navajo Transitional Energy Company raised $2.6M (Seed) on May 1, 2024.
Who to call at Lightshift Energy, and when
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- An alert the day Lightshift Energy raises, hires an executive or expands, scored against what you sell
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- Who you already know at Lightshift Energy, from your own LinkedIn network
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Related People
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