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NGP Energy Capital Management led a $25m Series B round in Voltus.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Minority

Completed

energy solutions

Domestic

Single Bidder

Energy / Utility Services

Venture Capital

United States

Private Equity

Friendly

Acquisition

Synopsis

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Investment firm NGP Energy Capital Management led a $25m Series B round in Voltus, a distributed energy resources company, with participation from Prelude Ventures and Ajax Strategies. "A 15-year plus leader in energy technology investing, NGP ETP III is focused on committing capital to compelling companies focused on energy transition and is very pleased to be partnering with Voltus and to lead the Series B financing. Voltus has a leading DER technology platform, an extensive customer network in key target markets, a world-class team, and a proven track record," Philip Deutch, NGP ETP III CEO.

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