Smart Energy

UrbanVolt secures €26m investment to aid European expansion

Smart energy firm takes total financing to date to over €200m as Verdane comes onboard as an investor

Reed Snyder, the principal at Verdane; Fredrika Svanholm, a senior associate at Verdane; and Kevin Maughan, the chief executive at UrbanVolt

UrbanVolt, the Dublin-headquartered clean energy company, has secured €26 million in investment, taking its total financing to date to over €200 million.

The new funding, which has been provided by Verdane, a European specialist growth investor, is to be used to support further expansion in European markets.

“Securing this €26 million funding from Verdane marks a pivotal moment for UrbanVolt as we set our sights on an ambitious European expansion,” Kevin Maughan, the company’s co-founder ...