Black Coral Capital

Black Coral Capital is an investment firm based in Boston, Massachusetts, that specializes in venture capital and private equity investments. Founded in late 2008, the firm primarily focuses on the alternative energy, cleantech, and renewable energy sectors. It aims to support companies that enhance the efficient use of energy resources and leverage existing infrastructure. Black Coral Capital engages in both direct investments in early-stage, mid-venture, late-venture, growth equity, and project finance, as well as fund of funds investments to diversify its portfolio. The firm is actively building its presence in North America.

Nikhil Garg

Vice President

17 past transactions

OneRoof Energy

Post in 2016
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

OneRoof Energy

Post in 2016
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

OneRoof Energy

Post in 2015
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

Solantro Semiconductor

Venture Round in 2015
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.

Digital Lumens

Series C in 2014
Digital Lumens, Inc. designs and develops LED-based lighting systems tailored for commercial and industrial environments globally. The company offers a comprehensive suite of products, including LightRules, an advanced lighting and energy management software, as well as LED high bay and linear lighting solutions. Their digital light agents enable traditional fixtures to integrate into intelligent lighting systems. The company’s offerings are utilized across various sectors, including warehousing, sports facilities, hazardous locations, parking garages, manufacturing, retail, cold storage, transportation, and agriculture. By incorporating IoT sensors and software, Digital Lumens creates smarter lighting systems that enhance efficiency and sustainability, delivering significant energy savings for large facilities. Founded in 2008 and based in Boston, Massachusetts, Digital Lumens is a subsidiary of OSRAM Licht AG and has established itself as a leader in transforming lighting into a platform for operational insights.

OneRoof Energy

Post in 2014
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

Next Step Living

Series D in 2014
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

Digital Lumens

Venture Round in 2013
Digital Lumens, Inc. designs and develops LED-based lighting systems tailored for commercial and industrial environments globally. The company offers a comprehensive suite of products, including LightRules, an advanced lighting and energy management software, as well as LED high bay and linear lighting solutions. Their digital light agents enable traditional fixtures to integrate into intelligent lighting systems. The company’s offerings are utilized across various sectors, including warehousing, sports facilities, hazardous locations, parking garages, manufacturing, retail, cold storage, transportation, and agriculture. By incorporating IoT sensors and software, Digital Lumens creates smarter lighting systems that enhance efficiency and sustainability, delivering significant energy savings for large facilities. Founded in 2008 and based in Boston, Massachusetts, Digital Lumens is a subsidiary of OSRAM Licht AG and has established itself as a leader in transforming lighting into a platform for operational insights.

Next Step Living

Series C in 2012
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

Powerit Solutions

Series C in 2012
Powerit Solutions, LLC specializes in energy demand response and demand control solutions for industrial and commercial sectors. The company provides an energy management system known as Energy Director, designed to lower energy costs by optimizing demand levels. Additionally, it offers Konnekt Wireless I/O, which supports industrial-grade wireless input/output for power management applications. Powerit Solutions serves a diverse range of industries, including agriculture, food products, commercial facilities, recreational facilities, forest products, manufacturing, petroleum, petrochemical, and primary metals fabrication. Founded in 1994 and headquartered in Seattle, Washington, Powerit Solutions operates as a subsidiary of Powerit Holdings, Inc.

Noesis Energy

Series B in 2012
Noesis Energy, Inc. operates an online platform that connects sellers and customers for financing commercial building improvements. The company provides tools and resources to facilitate payment plans, expert services, and flexible financing options for energy-saving projects. Through its web-based marketplace, Noesis streamlines the sales and lending processes, enabling building owners to analyze projects and access tailored financing solutions for equipment replacements and energy efficiency upgrades. Established in 2009 and based in Austin, Texas, Noesis is a subsidiary of LeaseQ, which specializes in providing instant leasing quotes from leading finance companies.

Solantro Semiconductor

Series A in 2012
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.

OneRoof Energy

Post in 2012
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

OneRoof Energy

Private Equity Round in 2011
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

Digital Lumens

Series B in 2011
Digital Lumens, Inc. designs and develops LED-based lighting systems tailored for commercial and industrial environments globally. The company offers a comprehensive suite of products, including LightRules, an advanced lighting and energy management software, as well as LED high bay and linear lighting solutions. Their digital light agents enable traditional fixtures to integrate into intelligent lighting systems. The company’s offerings are utilized across various sectors, including warehousing, sports facilities, hazardous locations, parking garages, manufacturing, retail, cold storage, transportation, and agriculture. By incorporating IoT sensors and software, Digital Lumens creates smarter lighting systems that enhance efficiency and sustainability, delivering significant energy savings for large facilities. Founded in 2008 and based in Boston, Massachusetts, Digital Lumens is a subsidiary of OSRAM Licht AG and has established itself as a leader in transforming lighting into a platform for operational insights.

Powerit Solutions

Venture Round in 2011
Powerit Solutions, LLC specializes in energy demand response and demand control solutions for industrial and commercial sectors. The company provides an energy management system known as Energy Director, designed to lower energy costs by optimizing demand levels. Additionally, it offers Konnekt Wireless I/O, which supports industrial-grade wireless input/output for power management applications. Powerit Solutions serves a diverse range of industries, including agriculture, food products, commercial facilities, recreational facilities, forest products, manufacturing, petroleum, petrochemical, and primary metals fabrication. Founded in 1994 and headquartered in Seattle, Washington, Powerit Solutions operates as a subsidiary of Powerit Holdings, Inc.

Next Step Living

Series B in 2010
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.
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