By Sarah Thompson, Kanika Sood and Emma Rapaport

“MetroElectro, a designer, installer and maintainer of solar rooftop panels founded by Lloyd Heinrich, has raised $5 million to bring more solar and batteries to commercial and industrial sites.

Climate-focused investor and consultant Ecotone Partners’ The Planet Fund has put up $4 million debt, while existing pre-seed investor, Singapore-based Wavemaker Impact, added a $1 million equity cheque.

The raise comes months after The Planet Fund closed a $25 million funding round, drawing a commitment from Robyn Denholm’s family office Wollemi Capital. MetroElectro is its second investment.

MetroElectro was founded in 2024 by engineer, strategist and former Articore Group (née Redbubble) general manager of strategy and investor relations Lloyd Heinrich. 

Its pitch to customers is no upfront cost to tenants or landlords. Rather, MetroElectro generates revenue by selling electricity to tenants and the grid.

The company now has more than 50 projects in its near-term pipeline, totalling more than 20 megawatts of solar and 20 megawatt-hours of battery potential.

It is targeting commercial and industrial buildings that have less than 5 per cent adoption of rooftop solar.

MetroElectro will seek an additional $3 million in equity funding early next year to develop its technology stack.”