Astrum Solar, an Annapolis Junction, MD-based residential solar provider, received an investment of undisclosed amount.
The round was led by NewWorld Capital Group, with participation from CCM US and Constellation. As a result of the transaction, NewWorld will be represented on Astrum’s board of directors.
The company intends to use the funds to expand its operations into selected new markets across the United States.
Led by Vadim Polikov, President, Astrum Solar is a designer and installer of residential solar photovoltaic arrays on the East Coast, serving homeowners and small businesses in Connecticut, Delaware, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia, Washington, DC, and West Virginia.
To offer its solar financing, the company partners with third-party lease and loan financing providers.
FinSMEs
08/11/2013