# LO3 Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lo3-energy

- Industry: Business Support Services
- Headquarters: Brooklyn, US
- Website: www.lo3energy.com
- Total disclosed funding: $11M
- Latest round: Series B (Mar 11, 2021)
- Investors on record: 5

## About

LO3 Energy Inc. is an innovative energy company focused on developing local energy solutions and platforms that enable decentralized energy transactions and improve energy efficiency.Founded in 2012 in Brooklyn, US, LO3 Energy Inc. specializes in creating local energy platforms. The company raised USD 11.000 mn in Series B funding on March 11, 2021, led by Shell Ventures, and has completed a total of 4 deals. Co-founders Lawrence Orsini and William Collins have guided the company through its development phases without any reported pivots or changes in business strategy.LO3 Energy Inc. develops Pando, an innovative local energy platform designed to facilitate peer-to-peer energy trading. This platform enables users to buy and sell energy directly, enhancing energy distribution efficiency and promoting renewable energy use. The company targets various markets where decentralized energy solutions can significantly impact energy management and sustainability.LO3 Energy Inc. generates revenue through its innovative energy platform offerings, which include transaction fees from energy trades on the Pando platform. These revenue streams are supported by agreements with local utilities and partnerships that enhance the adoption of their services.In the near future, LO3 Energy Inc. aims to further develop its Pando platform, enhancing its capabilities and user experience. The company plans to expand into new geographic regions, targeting markets in North America and Europe for its decentralized energy solutions by 2023. The recent funding of USD 11.000 mn raised in March 2021 will be utilized to support these developmental initiatives and market expansion efforts.

## Funding rounds

- Series B, Mar 11, 2021, $11M — Braemar Energy Ventures, Sumitomo Corporation, Centrica Plc, Shikoku Electric Power Company, Shell Ventures

## Investors

- Braemar Energy Ventures (https://capitalatlas.ai/funds/braemar-energy-ventures) — Series B
- Sumitomo Corporation — Series B
- Centrica Plc — Series B
- Shikoku Electric Power Company — Series B
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series B