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Analyse your fitInvestment thesis
Ultra Capital provides equity capital to best-in-class management teams focused on the energy transition. The firm invests growth equity and asset capital in companies with a successful track record of deploying demonstrated solutions in various sectors including solar, battery storage, distributed generation, EV charging and fleet electrification. Ultra Capital's 'infra growth' strategy addresses a funding gap for companies seeking $5-25M in growth or asset capital that are not yet at the scale to attract larger PE/infra capital. The firm brings value to partnerships through the team's experience as former developers, constructors, operators, and financiers of infrastructure assets, leveraging deep understanding of infrastructure markets to provide strategic and operational value.
Notable quotes
“The power markets are rapidly recognizing that storage is the key to renewables integration, and with the improved affordability of lithium-ion batteries, utilities and C&I customers are rapidly implementing these systems. On.Energy caught our attention due to its skilled and accomplished management team, as well as its proven capability to execute fully integrated energy storage projects. We believe On.Energy possesses all the necessary components to make a significant impact in this market, and I eagerly anticipate contributing to the company's future expansion.”
“We still see a great deal of opportunity in the market. Despite the hand-wringing over the Republican spending bill, which slashed clean energy incentives, investors now know what they're dealing with. From a risk standpoint, the risk is more defined.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| On.Energy | Growth Equity | $20m | 2023-06-13 |
| Peachtree Infrastructure | Growth Equity | — | — |
| L-Charge | Growth Equity | — | — |
| Mitra EV | Growth Equity | — | — |
| Palladium Energy | Growth Equity | — | — |
| EnviroSpark | Growth Equity | — | — |
| Aspen Power | Growth Equity | — | — |
| Panamint Capital | Growth Equity | — | — |
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