Mexican solar startup Niko Energy raised $8M in equity funding led by QED Investors, with participation from 468 Capital and Picus Capital, along with $15M in debt financing. The funding follows a $3.3M seed round in March 2024.
Niko finances, installs, and manages solar panel systems for residential and small commercial properties in Mexico, partnering with local installers and offering flexible payment options to make clean energy more accessible.
Niko will use the funds to develop Mexico’s first virtual power plant—a network of small energy-producing and storage devices like solar panels and batteries pooled together to support the electricity grid. Niko will also expand battery storage offerings, acquire additional energy portfolios, and scale solar financing and installation services.
“We have seen the new government put a lot of attention to this problem, and we want to be the company that manages the biggest portfolio of decentralized energy resources in Mexico,” said Edoardo Dellepiane, Co-founder of Niko.
Founded in 2023, Niko has installed over 200 solar panels in Mexico.
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