Oct 13

Successful $17.5M Raising Round Completed

Last week, on October 4th, 2021, EGM successfully completed a USD 17.5 Million fund raising round.

The round was led by Energy Growth Momentum (https://egmomentum.com/), a UK based investment firm, with vast experience in equity investments, specializing in the energy sector, and in particular in companies with proven commercialized technologies aimed at increasing the productivity of the energy industry and enhancing carbon efficiency.

This investment is another exciting step for EGM towards expanding its reach in North America, Europe and Asia. With new business opportunities opening globally, the raised fund gives EGM a significant boost to meet growing demands for new generation of grid management systems.