Clean Energy Company Arcadia Power Raises $3.5M

arcadiaArcadia Power, a Washington, D.C.-based clean energy company, raised $3.5m in funding.

The round was led by BoxGroup and Wonder Ventures.

The company intends to use the funds to expand its consumer energy options to include community solar and on-bill financing of energy efficient products like smart thermostats and LED lighting.

Led by Kiran Bhatraju, co-founder and CEO, and Ryan Nesbitt, co-founder and President, Arcadia provides a direct-to-consumer software platform allows customers across 450+ utilities – in all 50 states – to manage home energy use. Customers link their utility account to Arcadia, which tracks usage and automatically matches it with renewable energy certificates from wind farms, certifying a clean power footprint.
The Certified B-Corp. company offers automatic credit card payments, a personalized dashboard to track usage and impact, and rewards to partner companies.
It currently serves nearly 10,000 customers.



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