US-based energy efficiency startup Lumian Energy has entered the Turkish electricity supply market under its new brand name, Remus Energy. The company has completed a bridge investment round at a $6 million valuation, with participation from DOMiNO Ventures and Cleantech Ventures.
Lumian Energy, which develops software solutions for energy efficiency, has restructured its Turkish operations and obtained an electricity supply license under the Remus Energy brand. This regulatory approval enables the company to operate as a licensed electricity supplier in the Turkish market.
