Ivy Energy Raises $18M in Series A Funding to Expand Solar Solutions for Multi-tenant Properties

Ivy Energy, a leading innovator in solar technology for multi-tenant properties, has secured $18 million in Series A funding. This investment, primarily from SolarEdge and other notable entities such as GreenSoil PropTech Ventures and the American Family Insurance Institute, aims to enhance solar adoption and sustainability in underserved real estate sectors.

The funding will accelerate the deployment of Ivy's proprietary Virtual Grid software and other distributed energy resources. It targets reducing energy costs for residents and providing sustainable, high-value energy solutions to property owners. By addressing traditional market barriers, Ivy's technology facilitates increased solar adoption in multi-tenant environments, providing a win-win scenario for real estate owners and tenants alike.

This strategic investment highlights the market's confidence in Ivy Energy's potential to revolutionize power distribution in the real estate sector, enabling more comprehensive access to clean energy solutions in shared living spaces. Ivy plans to use these funds to broaden its technological and geographical reach, improving its platform for energy management across multiple jurisdictions and diversifying its product offerings.