What is PearlX?
PearlX specializes in providing turnkey, no-cost solar and battery storage systems, alongside other electrification amenities, to multifamily owner-operators nationwide. The company's innovative solutions are 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, making the transition to renewable power financially advantageous for all stakeholders.
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 services firm based in Geneva, Switzerland, specializing in wealth management and financial product advisory. Their investment in PearlX suggests a focus on companies driving sustainable energy solutions and potentially benefiting from ESG-related financial products.
What's next for PearlX?
The recent major strategic investment signals a strong confidence in PearlX's business model and its capacity for significant growth. This capital is anticipated to fuel further scaling of operations, potentially expanding into new geographic markets and enhancing its technological offerings. PearlX is strategically positioned to capitalize on the increasing demand for sustainable energy solutions in the real estate sector, aiming to become a dominant force in the electrification of multifamily housing.
See full PearlX company page
