Schneider Electric, a manufacturer of electrical power products, led a $7m Series A financing round in Energetic Insurance, a Managing General Underwriter with a novel, data-driven approach to develop new risk management products to unlock exponential growth in the renewable energy industry, with participation from MS&AD Ventures, MCJ Collective, and Atlantic Global Risk. “Schneider Electric is a market leader in the deployment of distributed, digital and decentralized technologies for the renewable and energy efficiency sectors. To scale these deployments and achieve a successful energy transition we must have affordable and scalable financing options. We believe Energetic Insurance is a key to enabling our industry achieve this scale because their product enables all kinds of businesses – not just the giant investment grade corporations – to adopt renewable and energy efficiency. Energetic Insurance is unlocking the much sought-after “middle market” of energy and we are excited to support them in their growth,” Varun Jain, Schneider Electric General Partner.