Washingtoner - Omnidian Raises Million to Address Gap in Post-Purchase Experience as Solar Sales Soar

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SEATTLE ~ Omnidian, a leader in solar asset management for both commercial and residential clients, announced today that it has successfully closed a $25 million funding round. The equity round included participation from existing investors Activate Capital, WIND Ventures, Avista Development, Inc., Evergy Ventures, National Grid Partners, Congruent Ventures, and Blue Bear Capital as well as new investor HSBC Asset Management.

HSBC Asset Management's investment in Omnidian is part of its strategy to back early-stage companies with technologies focused on a net zero economy. Omnidian's network encompasses over 200 solar system experts and advocates across 34 states and an extensive field service network covering 93% of all nationwide ZIP codes. These specialists use Omnidian's proprietary software to remotely detect performance issues and manage solar assets efficiently.

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Mark Liffmann, CEO of Omnidian commented on the Inflation Reduction Act's enactment saying "The post-purchase experience is often sidelined. At Omnidian, we bridge this chasm in partnership with our clients, nurturing solar assets throughout their life cycle and accelerating clean energy investments."

Part of the capital funding will be used to further technical innovation to give clients improved transparency into portfolio performance, job site status, and active remediations. Liffmann added "Today our clients have individual portfolio managers. Those won't be replaced but we're building additional transparency and reporting enhancements across our growing portfolio of clients to improve the client experience and support our portfolio managers."

This raise leaves Omnidian well-capitalized as they continue on their goal towards being the premier asset performance management solution for enterprise-level commercial and residential clients. For further information about Omnidian or inquiries related to the recent funding please visit www.omnidian.com or email info@omnidian.com.

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