Schneider Electric, AES and Huck Capital-backed Coatue Management and Inclusive Capital to invest in Uplight.

Schneider Electric, a manufacturer of electrical power products, AES, an electricity distributor, and Huck Capital-backed Coatue Management, a global investment manager, and Inclusive Capital, an investment firm, are set to invest in Uplight, a provider of end-to-end customer-centric technology solutions dedicated solely to serving the energy ecosystem. Uplight is valued at $1.5bn in the transaction. Financial terms were not disclosed. “This investment and these partners help us scale the OS and the ecosystem better and faster, by increasing our scale and operations with energy providers, developing more deeply integrated solutions with other technology and energy solutions providers, both organically and through focused M&A, and catalyzing expansion into international markets," Adrian Tuck, Uplight CEO.