Allumia logo — energy efficiency as a service (EEaaS)

Allumia

energy efficiency as a service (EEaaS)

Founded 2013 United States Seattle, United States 22 employees Convertible Note Total: $10.08M Energy

General Information

Company Name Allumia
Founded Year 2013
Location United States Seattle, United States
Employees 22
Industries Energy
Funding Stage Convertible Note
Social

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About Allumia

Allumia is a US-based startup that offers "energy efficiency as a service (EEaaS)" to its customers. The company, founded in 2013, provides new equipment with zero upfront costs and immediate savings to its customers in the commercial and industrial (C&I) field. Allumia specializes in funding, designing, installing, and maintaining complete energy efficiency upgrades for its direct customers and utility partner programs. The innovative business model involves metering the equipment to track energy savings and billing for a portion of those proven savings on a monthly basis during a fixed contract term, typically ranging from 3 to 7 years. This approach allows customers to benefit from the energy savings without bearing the full upfront costs. Allumia's commitment to energy efficiency has attracted the attention of investors, with its most recent funding being a Convertible Note investment from K-Street Capital on 02 February 2023. With a strong focus on the energy industry, Allumia is poised to make a significant impact in the realm of energy efficiency and sustainability.

Business keywords: Energy Efficiency-as-a-Service, Decarbonization, Net Zero, Smart Cities, Finance, Lighting, Commercial & Industrial, Energy Efficiency, Utilities, HVAC, Direct Efficiency

Funding Rounds & Investors (5)

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Funding Stage Amount Investors Lead Investors Date
Convertible Note Undisclosed 1
K-Street Capital
02 Feb 2023
Series A $7.50M 3
American Electric Power, JW Asset Management +1
08 Feb 2022
Venture Round $2.35M -
07 Nov 2019
Grant $225.00K 1
National Science Foundation
12 Feb 2019
Non Equity Assistance Undisclosed 1
Cleantech Open
01 Jan 2015

Allumia Alternatives & Competitors

View All Alternatives
Allumia vs
Vivid Edge
Vivid Edge Ireland

Delivering turnkey decarbonisation projects "as a service"

7 employees
Energy, Renewable Energy
Allumia vs
Lime Energy
Lime Energy United States

A leading national provider of energy efficiency for small business customers.

Post-IPO Equity
195 employees
Energy, Renewable Energy
Allumia vs

Trusted Consultants for Smart Energy Management

29 employees
Energy

FAQ About Allumia

energy efficiency as a service (EEaaS)
Allumia was founded in 2013.
Allumia is headquartered in Seattle, United States.
Allumia operates in Energy. Its work centres on Energy Efficiency-as-a-Service, Decarbonization, Net Zero and Smart Cities.
Allumia has approximately 22 employees.
Allumia has completed 5 funding rounds, raising a total of $10.08M. The latest funding stage is Convertible Note.
Top alternatives and competitors to Allumia include Vivid Edge, Lime Energy, Energy & Technical Services Ltd., Landis+Gyr, Copper Labs. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Allumia and Vivid Edge are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Allumia, https://bouncewatch.com/company/allumia, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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