Elevation Energy Services, a national leader for residential energy solutions, including solar, energy efficiency and smart energy technology closed its Series A financing led by Vesta Ventures.
Growing quickly and innovating by adding technology and services.
Elevation Home Energy Solutions, Inc. is a leading provider of residential energy solutions, including solar and smart technology products that homeowners can utilize, renters, institutional operators with single-family rental portfolios and utility companies nationwide.
Elevation is one of the 20 largest residential solar developers in the U.S. and provides energy efficiency and energy monitoring technology. The company has a host of awards and accolades to its name, including the Department of Energy Contractor of Year in 2021 to improve residential energy efficiency.
Acquisition of Curb Energies
In 2020, Elevation acquired Austin-based Curb Energies for an undisclosed sum and completed a pilot that used energy technology to create virtual power stations.
Core Value Proposition
Elevation’s unique Whole Home Energy Solution combines solar, energy efficiency and smart technology. As a result, it dramatically lowers electricity costs for homeowners and renters, while also reducing operating costs for institutional real-estate operators.
Use of Funds
Elevation will use this funding to expand and invest in its technology platforms for homeowners and renters, as well as institutional operators of single-family rental portfolios and utility companies.
We are thrilled to lead the investment into such an innovative and rapidly expanding business.The market for institutional rentals is one of the fastest-growing segments in commercial realty. Elevation is a technology-based solution that increases ancillary revenue and lowers operating costs.
Elevation’s ability to reduce residential energy use and expense is obvious to all homeowners. However, their unique ability of tying thousands of homes together through institutional relationships they share is a rare opportunity to have an enormous impact on energy consumption. This is hugely beneficial for owners, tenants, landlords, and the environment. We are delighted to be a part of the [ESG] revolution with Elevation.
Rich Ford, Co-founder, Vesta Ventures
Jerry Coleman, Elevation’s co-founder and chairman, is continuing his long track record of innovation. Coleman is a pioneer in single-family rental as the co-founder of Invitation Home (NYSE: INVH), and the founder of Proptech innovator Offerpad. He has also been a leader in the industry of single-family rentals. This marks the third venture working with the team from Vesta Ventures.
At Elevation we are passionate about improving how homeowners, renters, and institutional operators understand energy consumption and use. I have spent my entire career using technology to help families across America buy and rent homes. We are now committed to helping these families and others lower energy costs and comfort without sacrificing comfort.
Jerry Coleman, Chairman, Elevation Solar
