About Nexus Renewables
Nexus Renewables is an Energy & Utilities company based in Toronto (Canada) founded in 2020, and was acquired by Apricus in May 2024. Developer of solar and wind energy projects. Nexus Renewables offers products and services including Energy Storage Development, Solar Project Development, and Project Acquisition Services. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity is Nexus Renewables Inc. Its competitors include Stardust Solar, Jade Power and Grasshopper Energy; 1 of its 3 listed competitors has raised funding.
Company details
Nexus Renewables was founded in 2020 and is headquartered in Toronto, Canada. Operations focus on the renewable energy sector, where solar and wind projects are developed from inception through execution. Services encompass site evaluation, feasibility studies, permitting, and construction oversight. Activities are conducted primarily within Canada, supporting the transition to sustainable power generation through utility-scale and commercial installations.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsEnergy & Utilities
- Website nexusrenewables.ca
- Social LinkedIn
- Acquired by Apricus (May 2024)
- Legal Name Nexus Renewables Inc
- Latest Funding Round$13.3M (USD), Debt – Conventional
Jun 2023
- InvestorsScale Microgrids
& 2 more
- Acquired byApricus
(May 2024)
Products & Services of Nexus Renewables
Nexus Renewables offers a comprehensive portfolio of products and services, including Energy Storage Development, Solar Project Development, and Project Acquisition Services.
Handles permitting and operation of energy storage projects for grid stability
Manages design and acquisition of solar energy initiatives
Acquires and co-owns early-stage renewable projects in North America
Funding Insights of Nexus Renewables
- Total Rounds 2
- Last Round Debt – Conventional — $13.3M
- First Round $5M
(Sep 2022)
- Investors Count 2
All 2 funding rounds of Nexus Renewables with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $13.3M | Debt – Conventional | – | – | |
| Sep 2022 | $5M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in Nexus Renewables
Nexus Renewables has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Scale Microgrids, Apricus and Aiga Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital is deployed for sustainable energy assets by Aiga. | aigacapital.com | |||
Microgrids are manufactured by Scale Microgrids in the United States. | 2016 | scalemicrogrids.com | Ridgewood, United States | |
Developer of solar energy projects | 2023 | apricus.energy | Boca Raton, United States |
Investor details for Nexus Renewables
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- Complete investor list
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Timeline of Nexus Renewables
4 dated milestones of Nexus Renewables across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Nexus Renewables is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Debt – Conventional, of $13.3M.
- Exit Acquired by Apricus.
Competitors of Nexus Renewables
Nexus Renewables has 3 listed competitors in our database, 1 of them funded. They include Stardust Solar, Jade Power and Grasshopper Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stardustsolar.com | 2016 | Burnaby, Canada | $1.9M | 49 | Commercial and residential solar installations and training services are provided. | |
| jadepower.com | 2014 | Toronto, Canada | 3 | Solar and wind energy projects are developed in renewable sector. | ||
| grasshopperenergy.com | 2007 | Mississauga, Canada | 67 | Solar energy projects are developed by Grasshopper Energy in Canada. |
Detailed competitors of Nexus Renewables
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Frequently Asked Questions about Nexus Renewables
Nexus Renewables was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Nexus Renewables is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Nexus Renewables was founded in 2020 and is headquartered in Toronto, Canada. Operations focus on the renewable energy sector, where solar and wind projects are developed from inception through execution. Services encompass site evaluation, feasibility studies, permitting, and construction oversight. Activities are conducted primarily within Canada, supporting the transition to sustainable power generation through utility-scale and commercial installations.
Nexus Renewables's top competitors include Stardust Solar, Jade Power and Grasshopper Energy.
Nexus Renewables offers Energy Storage Development, Solar Project Development, and Project Acquisition Services.
Nexus Renewables has 3 investors. Key investors include Scale Microgrids, Apricus, and Aiga Capital Partners.
Nexus Renewables operates through Nexus Renewables Inc.
Yes. Nexus Renewables was acquired by Apricus in May 2024.