# Elum Energy

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

- Industry: Power & Utilities
- Headquarters: Paris, France
- Website: www.elum-energy.com
- Total disclosed funding: $14M
- Latest round: Series B (Sep 10, 2024)
- Investors on record: 5

## About

Based in Paris, France, and founded in 2015, Elum Energy operates as an energy and automation company serving solar hybrid power systems. In September 2024, Elum Energy raised USD 13 million in series B funding led by new investor Energize Capital, with participation from returning investors Alter Equity and Cota Capital.

The company provides of monitoring and control solutions to its clients, to manage and optimize their solar power plants, hybrid solar microgrids, and solar self-consumption systems. The range of devices offered by Elum are ePowerControl EMS (Energy Management System), ePowerMonitor energy monitoring platform, and ePowerLog data collection system. These solutions enable industrial solar power plant owners to exercise precise control and supervision over their operations. Elum’s products find application in various contexts, such as managing solar power plants, optimizing solar and battery microgrids, as well as catering to commercial and industrial sites with behind-the-meter energy management needs including load shedding, electric vehicle charging, zero export, and submetering.

The company plans to use the September 2024 funding to support its growth plans to address the global renewable market and product evolution within the energy storage and EV integration categories.

## Funding rounds

- Series B, Sep 10, 2024, $13M — Alter Equity, Cota Capital, Energize Capital
- Series A, Oct 1, 2021 — Cota Capital
- Seed, Jul 28, 2017, $1.2M — XAnge, Kima Ventures

## Investors

- XAnge (https://capitalatlas.ai/funds/xange) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Series A, Series B
- Alter Equity (https://capitalatlas.ai/funds/alter-equity) — Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B