Powur PBC raises $1,100,000 Preferred Financing Round

Share Article

Powur PBC raises $1,100,000 Preferred Financing Round

Powur PBC, the first 100% sustainable energy direct sales public benefit corporation, has successfully completed a $1,100,000 financing round led by Tech Coast Angels (TCA), one of the largest and most prominent angel investment organizations in the U.S.

Dean Rosenberg, lead investor representing TCA on the Powur financing said, "It is rare that we see a company and team as committed to both profit AND mission as Jonathan Budd and his team at Powur. We are excited to join Powur on their journey to accelerate the adoption of solar and sustainable energy around the world. We are also just as excited about the investment opportunity that Powur represents, as it positions itself as the network marketing category leader for clean and sustainable energy."

Powur has built the first nationwide network of direct selling entrepreneurs accelerating the shift towards sustainable energy. This most recent successful financing for Powur brings the total investment in the company to $2,550,000. CEO and Founder Jonathan Budd said,“Powur’s continued ability to raise financing across a wide spectrum of investors demonstrates the viability of this business model, our management team, and the incredible timing to be in solar. We are thrilled to have this level of talent and resources committed to our model, and the opportunity is truly just beginning.”

Powur is currently in pre-launch, with its first national convention to be held July 31, 2016 in San Diego California. To learn more about Powur’s game-changing social business model visit: http://www.Powur.com

About Powur:
Headquartered in San Diego, California, Powur is pioneering the renewable energy/efficiency product category inside the $170 billion annual direct selling industry. The company’s first partnership is with the world's #1 solar energy provider, SolarCity, which provides renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. Powur’s proprietary software platform offers a first-to-market tool suite enabling direct sales distributors to engage in the fast-growing clean energy industry. This tool suite allows distributors to invite customers through a variety of channels, track customers through the sales cycle, build a sales organization for commission overrides, get key reporting metrics to monitor and grow their organization, and receive extensive direct sales training. Powur is currently serving customers in 19 U.S states with expansion into Mexico on the horizon. For more information visit http://www.Powur.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Andrea Budd
Powur PBC
+1 (860) 394-8516
Email >
Powur PBC
Like >
Visit website