Ireland’s UrbanVolt signs €55m funding deal

Ireland’s UrbanVolt signs €55m funding deal
Kevin Maughan, chief executive of UrbanVolt

Deal will fund company’s international expansion

UrbanVolt, the Irish company which established the Light as a Service business model (LaaS), has signed a €55 million funding deal with UK investment company Low Carbon. In the biggest deal of its kind to date, the investment will be used to deliver energy efficiency projects across the US, UK and Continental Europe.

In addition to working with companies across Ireland, 45 multinational companies have signed up as UrbanVolt (LaaS) clients to date, including Pfizer, Zimmer...

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