7 years ago

OVO Secures Minority Investment from Mitsubishi Corporation

  • OVO, a UK-based greentech company, has received a minority investment from Mitsubishi Corporation

  • The investment, whose amount was not disclosed, gives Mitsubishi a 20% stake in OVO

  • The company plans to use the funds for international expansion and the development of its intelligent energy technologies unit, Kaluza

  • OVO, founded in 2009 by CEO Stephen Fitzpatrick, serves 1.5 million customers with intelligent energy services.

      • ProblemEnergy

      "The energy sector needs to become more sustainable and efficient."

      Solution

      "OVO provides intelligent energy services to help customers reduce their energy consumption and carbon footprint. They also develop technology to integrate electric vehicles and battery storage onto the grid."

      Covered on