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Niko raised $3.3M in a seed round led by Picus Capital and 468 Capital to tackle Mexico’s solar power challenges and high electricity costs.

Mar 14, 2024almost 2 years ago

Amount Raised

$3.3 Million

Round Type

seed

MexicoSolarRenewable EnergyEnergy

Investors

468 CapitalPicus Capital

Description

Mexican climate tech Niko has raised $3.3M in a seed round led by Picus Capital and 468 Capital, with participation of other VCs and angel investors. With the funds, Niko aims to tackle Mexico’s solar power challenges and high electricity costs by providing a full-suite of services from financing, installation, and maintenance to residential customers and small commercial companies.

Company Information

Company

Niko Energy

Location

Mexico

About

A Mexican climate tech startup aiming to tackle solar power challenges and high electricity costs by providing a full-suite of services from financing, installation, and maintenance to residential customers and small commercial companies.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers