Zep Solar Inc., the developer of a rail-free installation platform, has closed a $7.4 million Series A funding round. The round was led by Aquillian Investments LLC, an investment firm exclusively focused on sustainability. Participants in the round also included multiple family office investment funds and private investors.
Proceeds from the financing are expected to be used to expand distribution, widen product lines to address additional applications and markets, and continue to grow adoption of the Zep Groove module frame specification, the company says.
SOURCE: Zep Solar