Light raises $46m Series A for branded electricity plans
Matrix led the round in the platform that lets partners add retail electricity offers to their own customer relationships.
The operations behind an electricity offer
Light handles the work behind a partner-branded energy plan: regulatory compliance, wholesale electricity procurement, billing and customer support. Partners can offer a plan under their own brand while using Light’s infrastructure to operate it.
Its customers include clean-energy businesses such as Palmetto, GoodLeap and Ownwell. Connecting electricity plans with solar and battery offerings lets partners bring energy supply and distributed generation into the same customer relationship.
Use of funds
Expand from Texas into PJM territory
Grow regulatory and energy procurement teams
Scale software infrastructure
Develop business with hyperscale data center developers