Arcadia, previously Arcadia Power, is a climate technology company enabling a zero-carbon economy.
Arcadia's mission is to provide a simplified and equitable clean energy access to all Americans.
Arcadia was founded in 2014 by Kiran Bhatraju. The company is headquartered in Washington, District of Columbia.
Arcadia breaks the fossil fuel monopoly by creating unprecedented access to energy data and renewable energy sources through its technology platform, Arc, and its community solar program.
The Arc platform combines easy-to-use data and APIs under one roof to allow any company to act on its environmental impact and build the next generation of energy products and climate tech solutions. Arc democratizes access to data from thousands of utility providers in 52 countries, covering more than 95% of US residential and commercial utility accounts.
Arcadia also manages the nation's largest community solar portfolio, helping to tackle energy injustice while spurring economic growth with more than 1.3 GW of solar under management. Arcadia's solutions is used by more than 300 energy companies, including Ford, EnelX, Aurora Solar, and STEM.
Arcadia is backed by Tiger Global, J.P. Morgan's Sustainable Growth Equity Team, G2VP, Mitsui USA, Energy Impact Partners, Wellington Management, Magnetar Capital, BoxGroup, Keyframe Capital, Macquarie Group, Camber Creek, and others. The company raised $125M in a new round on Dec 16, 2022. This brings Arcadia's total funding to $495.5M to date. Arcadia was valued at $1.45B in its Series E raised in May 2022.