Nextron Secures US$ 5.3M in Series A Funding

Nextron Secures US$ 5.3M in Series A Funding

Nextron Energia, a São Paulo-based climate tech company, has recently secured US$5.3 million in a Series A funding round. This significant investment is poised to propel Nextron’s mission of advancing sustainable energy solutions in Brazil and beyond.

The Funding Round

Vox Capital and Copel Ventures led the funding round. These strategic partners recognize the potential of Nextron’s innovative approach to renewable energy. Alongside Vox Capital and Copel Ventures, other investors included Endeavor Scale-up VenturesValor Capital Group, and Barn Investimentos.

About Nextron Energia

Nextron Energia is at the forefront of the clean energy revolution. Their focus lies in harnessing solar power through innovative subscription-based models. By democratizing access to solar energy, Nextron aims to positively impact both the environment and society.

Vision and Impact

  • Positive Social Transformation: Vox Capital, one of the lead investors, shares Nextron’s vision of using business as a force for good. Together, they strive to drive positive social change by promoting sustainable practices.
  • Environmental Stewardship: Copel Ventures, the corporate venture capital arm of Copel (Companhia Paranaense de Energia), recognizes the urgency of addressing climate change. Their investment in Nextron reflects their commitment to advancing clean energy solutions.

Future Endeavors

With this fresh injection of capital, Nextron plans to:

  • Expand Presence: Nextron will extend its footprint across Brazil, reaching more communities and businesses.
  • Innovation and Research: The funds will support ongoing research and development, ensuring Nextron remains at the forefront of solar energy technology.

The company plans to use the funding to expand operations nationwide and scale its proprietary platform to 50,000 subscribers by the end of 2024.