The profitable company will use the funding to expand its U.S. customer team, product, partnerships and supplier network as more businesses look to generate and store electricity at their own facilities. VECKTA's customers include Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers, and its collaborative relationships include JLL, Voltus, Leap and Cascade Energy.

VECKTA helps businesses and real estate owners decide where onsite energy pays off and buy it at a competitive price, across one site or an entire portfolio. Its planning and procurement platform pairs automated site analysis with a marketplace of prequalified suppliers, and VECKTA specialists support customers through each decision.