Plural Energy has raised USD 2.33 million to launch investments in renewable energy in the supply chain as part of the Solaris project

Plural Energy, a blockchain-based investment platform, announced a $2.33 million pre-seed funding round led by Necessary Ventures and Compound, with support from Volt Capital and Maven11. The financing will support the launch of Plural’s first tokenized investment asset – a portfolio of solar projects developed by Solaris Energy – expected later this summer.

Plural Energy aims to democratize access to clean energy investments by using blockchain technology to tokenize assets, enabling a wider range of investors to participate. The platform’s initial offering will allow users to invest in operating solar farms across the United States through smart contracts that generate dividends based on solar energy production.

CEO Adam Silver emphasized Plural’s mission to create an inclusive financial system for clean energy investments. Solaris CEO Alex Blackmer praised the partnership, highlighting the ease of raising capital through the Plural platform.

The Plural platform offers partnerships with leading renewable energy developers, a focus on impactful projects under $100 million, and strict regulatory compliance. The use of blockchain technology reduces transaction costs and management fees, making investments more profitable and accessible.

Founded in early 2023, Plural quickly gained popularity, attracting over 40,000 investors to its waiting list. The company’s advisory board includes industry veterans Benoit Allehaut and Paula Zagrecki. Recent hires such as Chief Technology Officer Kent Kolze and General Counsel Howard “Wood” Steinberg strengthen Plural’s leadership team.

Plural Energy aims to expand its offering and bring more renewable assets to market, accelerating the transition to clean energy.

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