Clear Blue Technologies Inc., a Toronto, Canada-based smart off-grid company, closed C$1.85M financing round.
The round was led by Haywood Securities Inc. In addition to the funding, Mr. Andy Keith, an entrepreneur and founder of two utility-scale solar energy companies in Ontario, joined Clear Blue’s board of directors.
The company intends to use the funds to for planned expansion in 2016.
Led by Miriam Tuerk, CEO, Clear Blue installs solar and wind powered streetlights, security systems, emergency power and other off-grid devices selling them through OEMs who integrate its hardware and software into their own products, and through a network of agents and resellers who sell the Illumient line of Smart Off-Grid streetlights. It now has over 100 customers and 500 off-grid systems installed in 18 countries across the world.
The company recently launched Illumience, the second generation of Clear Blue’s cloud-based software system, providing management, control and proactive servicing of the off-grid systems over the Internet.