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Apricus Generation Inc. Secures Series A Funding to Boost Solar and Battery Development with Nexus Renewables Acquisition

US national distributed solar and battery development platform, Apricus Generation Inc, has closed its Series A financing round and is committed to its USD-100-million (EUR 89.9m) corporate equity capital raise goal. The funds will be used to advance the start-up’s business plan and support the growth of its recent acquisition of a controlling stake in Nexus Renewables Inc. The transaction was led by Blue Marlin Partners and Current Yield with Participation Fund. At the time of the initial funding round, Apricas also announced the initial investment in Toronto-based community solar and storage developer Nexus.

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