Foley & Lardner LLP represented Apricus Generation, Inc., a new holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP), in its initial $28 million Series A funding round, with a total offering of $100 million in process to close over the next few months. Participants in this initial closing are long-term committed investors with experience investing in the founders’ prior successful ventures.
Apricus Generation’s platform enables consumers and businesses to participate in the energy transition by providing developers with management expertise and capital to advance their project pipeline to generation. The company’s initial funding will be used to acquire developers, partner with them, and provide strategic management expertise to advance projects through the construction, financing, and operation of solar and battery energy systems.
The Foley team was led by partners Von Bryant and John Dunlap and included associates Austin Poynter and Douglass Lightfoot.
