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BlocPower Raises $63M in Series A Funding

BlocPower, a Brooklyn-based climate tech startup, raised $63m in Series A funding round. The funding will enable BlocPower to expand and scale its inner-city energy retrofit projects across the U.S., and create jobs. Founded in 2014 by CEO Donnel Baird, BlocPower is a climate technology startup with projects underway in 24 cities. The company uses proprietary software for analysis, leasing, project management, and monitoring of clean energy projects. The company will soon offer Environmental Justice Impact Green Bonds to other institutional investors to help finance BlocPower’s future green retrofit projects.

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