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LeBron James, Drake Bet On The Nearly $10B Residential Solar Market By Investing In A Clean Energy Startup

LeBron James and Drake were among the group of celebrities who have recently invested in the reported $9.1 billion (as of 2020) residential solar market to help increase access to clean energy. Along with the two investors and friends, Variety reports that fellow participants that have joined venture capital firm Main Street Advisors to invest in startup Palmetto include Maverick Carter, Gov. Arnold Schwarzenegger, Jimmy Iovine, Billie Eilish, Finneas O’Connell, and Bono. The new undisclosed investment to support homeowners’ transition into solar comes after the company’s $375 million Series C funding round last year. “Clean energy should be accessible for everyone, not just households with expendable income,” Carter said, according to Variety. “Palmetto’s work to provide more affordable clean energy can have an immediate positive impact on the environment as well as families and communities across the country. Empowering people with access, information, and opportunities is...

Apr 20, 2022