Climate technology company BlocPower raised $150M, pushing its total funding over $250M.
The funding round includes a $24M Series B round and $130M debt financing.
BlocPower leverages proprietary technology to analyze, finance, and upgrade homes and buildings with energy-efficient technology and appliances.
- The investment will be used to expand the company's heat pump and building electrification programs across the U.S.
- VoLo Earth Ventures led the Series B round, and the debt financing round was led by Goldman Sachs, Microsoft Climate Innovation Fund, Credit Suisse, and a few other investors.
- Since its Series A round in 2020, BlocPower saw a 4000% revenue growth and signed city-scale decarbonizing projects in Ithaca, NY, Menlo Park, CA, and large-scale projects in several cities.
