# Black Bear Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/black-bear-energy

- Industry: Renewable Energy
- Headquarters: Boulder, US
- Website: www.blackbearenergy.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Jul 25, 2016)
- Investors on record: 2

## About

Black Bear Energy Inc. is a provider of commercial solar energy solutions, focusing on optimizing solar deployment through project management and strategic consulting for clients across diverse industries in the United States.Founded in 2015 and headquartered in Boulder, US, Black Bear Energy specializes in solar energy solutions. The company underwent a strategic acquisition in July 2022 by Legence Holdings LLC, a portfolio company of Blackstone Group, from Boulder Ventures and Rocky Mountain Institute. Drew Torbin serves as the CEO and is also the founder of the company. Black Bear Energy has completed a total of 3 deals, with its latest funding round being a Series B that raised USD 1.80 mn, equating to the total amount raised by the firm.Black Bear Energy specializes in providing commercial solar energy solutions designed to empower clients' portfolios through the integration of rooftop solar systems. The firm offers comprehensive services, including project management, data analysis, and strategic consulting, tailored to meet the diverse needs of commercial property owners and developers across the United States, focusing on key markets with significant solar energy potential.Black Bear Energy generates revenue through its comprehensive solar project management services, engaging in B2B transactions. Clients enter agreements for solar installations, project financing, and operational support, leading to income from project fees and performance-based incentives linked to energy production. The company emphasizes value creation, ensuring competitive pricing and measurable benefits for clients' solar investments.Following its acquisition in July 2022, Black Bear Energy is poised for growth under Legence Holdings LLC, focused on expanding its renewable energy deployment. The company is exploring new products and services to enhance its offerings, although specific details on upcoming launches have not been disclosed. Additionally, Black Bear Energy aims to extend its market reach into new geographic regions, particularly targeting areas with favorable regulatory environments for solar energy. The recent funding will support these initiatives, strengthening the company's capacity for delivering sustainable energy solutions.

## Funding rounds

- Series A, Jul 25, 2016, $2.5M — Boulder Ventures, Rocky Mountain Institute

## Investors

- Boulder Ventures (https://capitalatlas.ai/funds/boulder-ventures) — Series A
- Rocky Mountain Institute — Series A