Start-up Texas Retail Electric Provider Receives $5 Million In Seed Funding

Mothership Incubator, the start-up white label Texas retail electric provider whose formation had been exclusively first reported by EnergyChoiceMatters.com, formally announced its launch

Lacuna Sustainable Investments, which Mothership described as a, "thesis-driven team of entrepreneurs, investors and operators that seeks to partner with early-stage, innovative renewables infrastructure companies," has committed $5 million of seed funding to Mothership’s operations.

Mothership, an Option 1 REP, said that it will provide white-label retail electric services to mid-size and large industrial customers looking for wholesale retail supply access, and cleantech consumer or electric vehicle brands seeking to monetize their distributed energy resource (DER) assets for grid services and lower their customer acquisition costs.

See more background on Mothership and its white label model here

As first reported by EnergyChoiceMatters.com, Mothership’s team is led by Maura Yates, a veteran of the cleantech and retail electricity space

Mothership said that it will be announcing the launch of their first white-label brand, a rooftop solar and battery storage provider, in Spring 2022.

MI TEXAS REP 1 LLC, Mothership's REP entity, has received approval to use the trade name "Abacus Energy Retail Electricity".