ConnectM Technology Solutions
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$6.0m | Series A | ||
$2.5m | Seed | ||
N/A | $2.9m | Early VC | |
N/A | $4.0m | Early VC | |
N/A | $2.1m | Early VC | |
* | $80.0m Valuation: $145m | SPAC IPO | |
Total Funding | €15.9m |
Related Content
Recent News about ConnectM Technology Solutions
EditConnectM 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.