CEI Stories

Serving & supporting small business owners just like you.

Back

December 07, 2016

Pika Energy

26384373004_b4451318cb_hCEI Ventures, Inc., the for-profit venture capital subsidiary of CEI, announces the initial closing of its fourth fund, Coastal Ventures IV, and the fund’s first investment in Pika Energy, Inc. This investment in the clean energy manufacturer advances CEI’s socially responsible fund portfolio.

Westbrook, Maine-based Pika Energy, founded in 2010 by MIT-trained engineers, manufactures solar and wind products using a patented bus that acts as an “energy operating system” to automate the flow of clean power. The company, which has won five Department of Energy awards, recently announced its new product line that enables simplified solar-plus-battery configurations for clean backup power and energy arbitrage.

16793511437_ececa30f89_h“Pika Energy uses U.S.-based manufacturing to make environmentally beneficial products, and is an excellent example of a company furthering the values and mission of the Coast Ventures IV LP fund.”

–Nat Henshaw, President of CEI Ventures

Ben Polito, co-founder and CEO of Pika Energy added, “It’s thrilling to be working with Coastal Ventures, a firm that shares our vision for making renewable energy affordable, attractive and mainstream.”

Connect
image of SALUD Portland

SALUD Portland

"Dorienne Lewin is a seasoned workout instructor whose workout studio SALUD Portland does it all - Pilates, barre, and trampoline. She trusts her…"

image of New England Iron Pollo

New England Iron Pollo

"New England Iron Pollo is a local food startup that focuses on cast iron broiled chicken, combining traditional cooking methods with Maine's agricultural…"

image of Apphia Mpay

Apphia Mpay

"Walking into Apphia Mpay's sewing class at Westbrook Adult Education, you can instantly see why students keep coming back to learn from her.…"