AZZO Australian-founded technology business, secures a strategic investment from Angeleno Group to accelerate its growth globally

Asian Aussie Business | ADELAIDE — A leading Australian energy management software and services company has announced a growth capital investment from Angeleno Group, a Los Angeles-based clean energy and climate solutions venture capital and growth equity investment firm with a track record of investing in Australian sustainability businesses.

This investment intends to accelerate AZZO’s geographical expansion, as well as the development and impact of its EnergyX IoT platform, which assists organizations in managing their energy holistically, integrating renewables and electrification projects for efficiency, sustainability, and resilience via microgrids.

AZZO’s EnergyX IoT platform has had a significant impact in Australia by optimising renewable energy management, addressing grid instability, and facilitating the transition to a more sustainable, resilient energy ecosystem, assisting businesses in lowering energy costs, increasing efficiency, and meeting sustainability targets.

Founded in Adelaide by John Azzollini in 2005, AZZO has developed from its innovative roots in Australia to become a trusted global leader in the energy transition, with operations across the country and a strong presence in North America.

“I am really proud of the AZZO team’s dedication and achievements. This collaboration with Angeleno Group is a crucial milestone in our path, and I’m excited about what we may do together,” says John Azzollini, Founder of AZZO.

“Our commitment to sustainability and energy management remains our guiding purpose, and Angeleno Group’s backing allows us to make a broader impact in the energy transition alongside its other innovative portfolio companies advancing decarbonisation and sustainability outcomes,” announces James DiLiberto, CEO of AZZO.

The organization provides cutting-edge energy solutions for energy efficiency, lowers costs, coordinates Distributed Energy Resources (DERs), and assists in attaining sustainability goals.

“AZZO has developed a compelling energy management solution that aligns well with our mission to invest in and help scale innovative clean energy and climate solutions businesses,” says Daniel Weiss, Co-Founder and Managing Partner of Angeleno Group. “We are excited to contribute to AZZO’s growth journey and help them expand into new markets,” says Anil Tammineedi, Partner at Angeleno Group.

This collaboration with Angeleno will allow AZZO to expand its footprint in existing markets and explore new territory. With Angeleno Group’s expertise in developing disruptive energy businesses, AZZO is well-positioned and financed to accelerate the development and implementation of its revolutionary solutions via partnerships, investments, and acquisitions.

As part of this investment, Dominic Drenen will become AZZO’s Chairman of the Board in Melbourne, bringing over 25 years of experience in the energy business. Dominic’s leadership and industry experience will be important as AZZO continues to expand and innovate. Dominic is an Angeleno Group Operating Partner and previously served as CEO of Click Energy, an Angeleno Group portfolio business that was acquired by AGL in 2020.

The collaboration between AZZO and Angeleno Group marks a significant milestone in AZZO’s effort to assist organizations in realizing the full potential of their energy ecosystem. Both companies hope to make significant contributions to the shift to cleaner energy and greater sustainability through focused investments and partnerships.

About AZZO

With a 19-year history of customer-focused innovation and operations in Oceania and North America, AZZO is a market leader in renewable energy and electrification management systems. The company provides technology and services that assist organizations in meeting sustainability goals and lowering energy expenses while enhancing resilience and energy-related revenue. The EnergyX IoT platform is essential to AZZO’s products, delivering monitoring, analytics, apps, and control and management capabilities for both traditional and renewable energy systems. For further information, go to https://www.azzo.com.

About Angeleno Group.

Angeleno Group, founded in 2001, is a pioneer in providing growth finance to firms focused on clean energy and climate solutions. Angeleno Group has established itself as one of the United States’ longest-standing clean energy and sustainability investment organizations, making worldwide growth investments. The firm’s primary objective is to invest in fast-growing, well-managed, innovative companies with proven technologies and established customer traction. Angeleno Group invests in a variety of transaction types, with a sector-focused and research-driven approach. Angeleno Group is headquartered in Los Angeles, California.

For additional information, go to www.angelenogroup.com.

Source: AZZO.