ConnectM Technology Solutions

ConnectM Technology Solutions

Electrifies homes, businesses, and transportation with energy that is clean, reliable, and affordable to power a more sustainable planet for us all. Learn more
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DateInvestorsAmountRound
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N/A

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$6.0m

Series A

$2.5m

Seed
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$2.9m

Early VC
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$4.0m

Early VC
N/A

$2.1m

Early VC
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$80.0m

Valuation: $145m

SPAC IPO
Total Funding€15.9m

Recent News about ConnectM Technology Solutions

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ConnectM is a clean energy technology and solutions provider specializing in residential and light commercial buildings, as well as all-electric original equipment manufacturers (OEMs). The company operates in the electrification economy, focusing on the transition to solar and all-electric heating, cooling, and transportation. ConnectM's proprietary digital platform, the Energy Intelligence Network, monitors and manages electrified assets throughout their lifecycle, collecting anonymized performance data to refine AI models and create a data-driven intelligence loop. This platform empowers customers to reduce their dependence on fossil fuels, lower overall energy costs, and minimize their carbon footprint.

ConnectM serves a diverse range of clients, including residential homeowners, small businesses, and public transportation systems. The company generates revenue through a subscription-based software model that provides real-time insights and enhances operational efficiency. This model transforms assets like public buses into strategic tools capable of navigating complex financial landscapes.

In a strategic move to expand its market presence, ConnectM recently acquired a controlling interest in DeliveryCircle, a nationwide technology-enabled last-mile logistics provider. This acquisition positions ConnectM to further penetrate the U.S. market and enhance its service offerings.

Keywords: clean energy, electrification, AI models, solar transition, energy costs, carbon footprint, OEMs, public transportation, subscription-based, last-mile logistics.

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Investments by ConnectM Technology Solutions

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Keen Home
ACQUISITION by ConnectM Technology Solutions Jul 2019
DeliveryCircle
ACQUISITION by ConnectM Technology Solutions Aug 2024
Solar Energy
ACQUISITION by ConnectM Technology Solutions Dec 2022