Brooklyn, United States
Coral, founded in 2023, is a burgeoning player in the Consumer Electronics, Sustainability, and Energy Efficiency sectors. Headquartered in the United States, the company is dedicated to making sustainable building upgrades more financially accessible. With the slogan "Unlocking access to sustainable building upgrades," Coral focuses on financing solutions for products like heat pumps, battery systems, and EV chargers.
The company differentiates itself by automating government incentives for energy-efficient devices and integrating these directly into its financing models. This results in reduced monthly payments for homeowners and improved conversion rates for contractor partners.
Recently, Coral secured a $2.50M Pre Seed Round investment on 16 October 2024, backed by notable investors including New Climate Ventures, Twelve Below, Workshop Venture Partners, and Floating Point. This infusion of capital positions the company for strategic growth and expansion in the significant sustainable energy sector.
