Allume Raises $10.4M to Unlock Rooftop Solar for Apartment Dwellers Worldwide

Allume has recently secured $10,400,000 in funding—a transformative milestone that underscores investor confidence in its mission to revolutionize urban solar energy access. With over 2 million Australians, 15 million Americans, and 300 million Europeans residing in low and medium-rise apartment buildings, there exists an enormous, untapped potential for rooftop solar power that has remained out of reach for many. Enter SolShare™, Allume’s innovative solution designed to bridge this gap by enabling a single rooftop solar system to seamlessly provide energy to multiple dwellings within the same building. This breakthrough not only dismantles long-standing technical and ownership barriers but also paves the way for apartment residents to enjoy the benefits of affordable, clean energy. Traditionally, the design and ownership structures of apartment buildings have excluded residents from accessing renewable energy solutions, leaving a significant portion of urban populations reliant on less sustainable and often more expensive power options. With a solid foundation in Australia and rapid growth underway in both the UK and the US, Allume’s expansion strategy is perfectly aligned with the growing global demand for sustainable energy alternatives. The new funding will accelerate product innovation, expand market reach, and strengthen strategic partnerships, ensuring that SolShare™ can bring transformative benefits to urban communities worldwide. By unlocking the solar potential of apartment rooftops, Allume is not only contributing to a greener future but also democratizing access to renewable energy, empowering urban residents with a cleaner, more cost-effective way to power their homes.