UK-based renewable energy retailer Tonik Energy has received £13m ($16.8m) in a funding round led by a £10m investment from diversified conglomerate Mitsui & Co.
The round also featured undisclosed existing investors, and impact investment bank ClearlySo advised Tonik on the round. The company has not revealed details of any earlier funding.
Founded in 2015, Tonik supplies electricity that has been sourced from a carbon neutral, renewable source to a customer base of about 100,000 households, to help them offset their carbon footprint.
The company also sells solar panels, battery storage products, electric vehicle chargers and smart meters so customers can generate and store their own electricity and track its use.
Tonki formed a partnership with fellow clean energy supplier Phoenix Works in 2018 in order to launch an electric vehicle charging service for commercial premises.