As per ESG Today, Washington D.C.-based Arcadia offers energy data solutions enabling customers, business and developers to access clean power solutions more easily. One of the company's products is the solar community subscription, which enables both home users and businesses to access renewable energy without having to install them on their property or to connect to local solar farms.

Arcadia currently operates solar panels with a total capacity of 2 GW, serving over 200.000 households and 2.500 businesses with this subscription-based solution.

Kiran Bhatraju, founder and CEO of Arcadia, said that "with this funding, Arcadia can continue to meet growing demand from our 300+ enterprise customers and 75+ community solar developer partners, all of whom are accelerating deployment and adding new solutions like battery storage, heat pumps, and EV charging to their portfolios."

Macquarie Asset Management and Energy Impact Partners are some of the investors who participated in the 50 million USD financing round.