Elemental Impact Invests in Symbium To Unlock Residential Electrification and Energy-Saving Projects Nationwide
SAN FRANCISCO, CA — December 11, 2024 — Symbium, the leader in instant permitting for clean energy projects, is honored to announce an investment from Elemental Impact, a leading climate technology investor dedicated to scaling solutions with deep community impact. Selected as one of 16 companies from over 700 applicants, Symbium looks forward to collaborating with a cohort of climate innovators. Looking ahead to a transformative 2025, Symbium is poised to redefine the permitting experience through impactful private and public partnerships, accelerating decarbonization efforts across residential and commercial spaces.
With a 15-year history advancing climate solutions, Elemental Impact has invested in over 160 companies and deployed more than 150 projects in local communities through catalytic capital, project expertise, and community partnerships.
“In our 15 years of scaling climate solutions, we’ve consistently seen permitting as a critical barrier for clean energy adoption,” said Danya Hakeem, Vice President of Portfolio at Elemental Impact. “That’s why we are excited to invest in Symbium. Their AI platform is revolutionizing how clean energy projects move from concept to reality, accelerating the deployment of residential electrification and energy-saving projects in communities nationwide.”
With Elemental’s support, Symbium will expand its deployment of instant permitting solutions across all clean energy project types, including solar, energy storage systems (ESS), electric vehicle supply equipment (EVSE), heat pumps, and much more. This partnership underscores Symbium’s commitment to fostering innovation and equity in the clean energy transition and marks a pivotal moment for Symbium as it continues to lead the way in streamlining regulatory processes to meet ambitious clean energy goals.
“Being selected by Elemental Impact is an extraordinary honor and a game-changer for Symbium,” said Leila Banijamali, CEO of Symbium. “Elemental’s unparalleled expertise and resources will enable us to scale our instant permitting technology, empowering installers and communities everywhere to achieve their energy-saving goals.”
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About Symbium
Symbium partners with local building departments to supercharge their existing permitting workflows with automated compliance checks in a public-facing permit application interface. Homeowners and contractors use Symbium to instantly understand and visualize what’s possible on a property, and then submit and manage permits, which are instantly approved because the compliance checks are done upfront. Symbium is headquartered in San Francisco, California. Learn more at www.symbium.com.
About Elemental Impact
Elemental Impact is a non-profit investor with 15 years of experience scaling innovative technology projects with deep climate and community impact. Elemental invests catalytic capital and provides expert services to a growing portfolio of 160+ companies in energy, agriculture, transportation, industry, and nature-based solutions. The Elemental non-profit is supported by more than 40 philanthropic and government funders, and is part of an expanding family of funds working in concert to mobilize capital from philanthropy, government, and private investors.
Contact: press@symbium.com
