Apricus Generation, Inc., an emerging leader in distributed solar and battery storage solutions, has successfully closed its Series A funding round with significant backing from prominent investors. The round, spearheaded by Blue Marlin Partners and the Current Yield with Participation (CYwP) Fund, has not only surpassed its $100 million fundraising target but also received considerable overcommitments.
Apricus Generation aims to revolutionize the renewable energy sector by creating a comprehensive platform for solar and battery storage development. This innovative model enables both consumers and businesses to actively engage in the energy transition, providing developers with essential management expertise and financial support to drive projects from conception to operational status.
Peter Kirsch, Founder and Managing Partner of Blue Marlin Partners, praised Apricus Generation’s leadership and vision. “We have carefully evaluated the solar and battery energy markets, and with Apricus Generation, guided by the seasoned expertise of Gautam Chandra and Ravi Thuraisingham, we believe we have identified an exceptional opportunity. Their proven track record and the current market dynamics align perfectly,” Kirsch commented.
Ethan Assal, Founder and Managing Partner of CYwP Fund, echoed this sentiment, noting, “The success of CYwP Fund IV’s previous investments with Apricus Generation’s founders made our decision to participate in this round straightforward. We are enthusiastic about supporting their latest venture in the thriving solar and battery storage sectors.”
Gautam Chandra, Executive Chairman and Co-Founder of Apricus Generation, expressed his enthusiasm about the funding, stating, “We are thrilled to have the backing of Blue Marlin and CYwP Fund, both of whom have been instrumental in our journey. This support not only reflects confidence in our vision but also strengthens our capability to accelerate growth and innovation.”
The capital raised will be instrumental in advancing Apricus Generation’s strategic objectives, including the expansion of its recent acquisition of a majority stake in Nexus Renewables, Inc., a leading developer of U.S. solar and energy storage projects. This funding will further enable Apricus Generation to pursue additional acquisitions and expand its solar and battery storage capabilities.
Editorial Opinion
Apricus Generation stands out in the renewable energy sector for its robust approach to scaling solar and battery storage solutions. The company’s strategic focus on developing a national distributed platform not only positions it well within a growing market but also aligns with global sustainability goals. As traditional energy sources face increasing scrutiny, the demand for innovative solar and battery technologies is expected to surge, providing Apricus Generation with a fertile environment for growth.
The significant backing from Blue Marlin Partners and CYwP Fund underscores the confidence investors have in Apricus Generation’s vision and leadership. With industry veterans at the helm, Apricus Generation is well-equipped to leverage this capital to drive technological advancements and project expansion. As the company progresses, it holds the potential to become a pivotal player in the energy transition, contributing to both economic growth and environmental stewardship.
For more information about Apricus Generation, visit their website.
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