We’re excited to announce that two leading technology and renewable investors, DST Global and Magnetar, have provided us with £60 million of growth funding. This investment will help us achieve our mission of bringing renewable energy at affordable prices to as many people as possible.
We’re delighted to welcome them into the Bulb community to help us accelerate our growth, invest in new technology and deliver outstanding service to our members.
You may have seen press speculation from some misinformed quarters that we are "cashing in" or "up for sale". Rest assured, this is not the case. We are committed to our mission and will not be distracted.
On the investment Tom Stafford, Managing Partner at DST Global, said:
“We are delighted to partner with Hayden and Amit, as they build an internet and technology driven business to reduce cost for consumers, improve the quality of service and promote the use of renewables in the UK energy market.”