Black Coral Capital

Black Coral Capital is an investment firm based in Boston, Massachusetts, founded in late 2008. The firm specializes in both direct investments and fund of funds investments, primarily targeting the alternative energy, cleantech, and renewable energy sectors. It focuses on early-stage to growth equity investments, as well as project finance opportunities. Black Coral Capital aims to promote smarter energy resource utilization and seeks to invest in initiatives that leverage existing infrastructures. The firm is actively building its presence in North America.

Nikhil Garg

Vice President

Christian Zabbal

Founder and Managing Director

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 is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

Digital Lumens

Series C in 2014
Digital Lumens, Inc. designs and develops LED-based lighting systems aimed at commercial and industrial lighting environments globally. The company offers a range of products including LightRules, an advanced lighting and energy management software, along with LED high bay and linear lighting solutions. Its digital light agents enable various interior fixtures to integrate into an intelligent lighting system. Digital Lumens focuses on enhancing energy efficiency, with its systems proven to reduce lighting-related energy use by up to 90%. The company's solutions are utilized in diverse applications such as warehouses, sports facilities, hazardous locations, manufacturing, retail, cold storage, transportation, and agriculture. Founded in 2008 and headquartered in Boston, Massachusetts, Digital Lumens operates as a subsidiary of OSRAM Licht AG, having established its presence in over 50 million square feet of space worldwide.

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 aimed at commercial and industrial lighting environments globally. The company offers a range of products including LightRules, an advanced lighting and energy management software, along with LED high bay and linear lighting solutions. Its digital light agents enable various interior fixtures to integrate into an intelligent lighting system. Digital Lumens focuses on enhancing energy efficiency, with its systems proven to reduce lighting-related energy use by up to 90%. The company's solutions are utilized in diverse applications such as warehouses, sports facilities, hazardous locations, manufacturing, retail, cold storage, transportation, and agriculture. Founded in 2008 and headquartered in Boston, Massachusetts, Digital Lumens operates as a subsidiary of OSRAM Licht AG, having established its presence in over 50 million square feet of space worldwide.

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 is an energy management technology company based in Seattle, Washington, specializing in demand response and control solutions for industrial and commercial applications. Founded in 1994, it provides a range of products designed to optimize energy usage and reduce costs in energy-intensive industries, including food processing, manufacturing, and metal fabrication. Key offerings include the Energy Director, a power management system that helps manage demand levels, and Konnekt Wireless I/O, which facilitates industrial-grade wireless input/output for power management. The company's solutions also encompass advanced software interfaces for demand control, dynamic pricing, and microgrid management, enabling clients to enhance their energy efficiency and sustainability. As a subsidiary of Powerit Holdings, Inc., Powerit Solutions is committed to delivering innovative approaches for energy management across various sectors, helping clients achieve significant savings and improved operational performance.

Noesis

Series B in 2012
Noesis Energy, Inc. is a technology-driven marketplace that facilitates financing for commercial building improvements. Based in Austin, Texas, the company operates a web-based platform that connects sellers and customers, streamlining the sales and lending processes for energy-efficient projects. By offering tailored financing products, Noesis enables building owners to access expert services and flexible payment options for equipment replacements and energy efficiency upgrades. Founded in 2009 and formerly known as Brazos Software Corporation, Noesis Energy is a subsidiary of LeaseQ, which specializes in providing instant leasing quotes from leading finance companies. The platform enhances the project analysis and application process, ensuring customers can efficiently secure financing for their commercial energy projects.

Solantro Semiconductor

Series A in 2012
Solantro is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

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 aimed at commercial and industrial lighting environments globally. The company offers a range of products including LightRules, an advanced lighting and energy management software, along with LED high bay and linear lighting solutions. Its digital light agents enable various interior fixtures to integrate into an intelligent lighting system. Digital Lumens focuses on enhancing energy efficiency, with its systems proven to reduce lighting-related energy use by up to 90%. The company's solutions are utilized in diverse applications such as warehouses, sports facilities, hazardous locations, manufacturing, retail, cold storage, transportation, and agriculture. Founded in 2008 and headquartered in Boston, Massachusetts, Digital Lumens operates as a subsidiary of OSRAM Licht AG, having established its presence in over 50 million square feet of space worldwide.

Powerit Solutions

Venture Round in 2011
Powerit Solutions, LLC is an energy management technology company based in Seattle, Washington, specializing in demand response and control solutions for industrial and commercial applications. Founded in 1994, it provides a range of products designed to optimize energy usage and reduce costs in energy-intensive industries, including food processing, manufacturing, and metal fabrication. Key offerings include the Energy Director, a power management system that helps manage demand levels, and Konnekt Wireless I/O, which facilitates industrial-grade wireless input/output for power management. The company's solutions also encompass advanced software interfaces for demand control, dynamic pricing, and microgrid management, enabling clients to enhance their energy efficiency and sustainability. As a subsidiary of Powerit Holdings, Inc., Powerit Solutions is committed to delivering innovative approaches for energy management across various sectors, helping clients achieve significant savings and improved operational performance.

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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