What is PearlX?
PearlX specializes in providing turnkey, no-cost solar and battery storage systems, alongside other electrification amenities, to multifamily owner-operators nationwide. Their innovative model is designed to boost net operating income (NOI) and reduce energy expenses for residents, while simultaneously advancing environmental, social, and governance (ESG) objectives. By leveraging underutilized property spaces for solar installations, PearlX enables property owners to generate new revenue streams without upfront capital outlay. Concurrently, residents gain access to affordable clean energy solutions, making PearlX a pivotal player in the transition to sustainable energy infrastructure.
How much funding has PearlX raised?
PearlX has raised a total of $70M across 1 funding round:
Series B
$70M
Series B (2022): $70M with participation from Lombard Odier
Key Investors in PearlX
Lombard Odier
Lombard Odier, founded in 2002, is a financial advisory firm based in Geneva, Switzerland, specializing in wealth management and financial products.
What's next for PearlX?
The significant enterprise-level backing positions PearlX for accelerated growth and market expansion. This strategic investment is likely to fuel further development of their technology, enhance their service offerings, and broaden their operational reach across the multifamily sector. PearlX's focus on creating a financially advantageous model for both property owners and residents suggests a continued emphasis on scaling their unique value proposition in the clean energy and real estate technology markets.
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