Case studies
Elephant Energy returns to Enduring Planet to expand home electrification
Elephant Energy is helping homeowners replace gas-burning appliances with electric alternatives. The company has grown revenue by 30% year over year while expanding its presence in Colorado and entering the Los Angeles market.
Since first working with Enduring Planet, Elephant Energy has expanded into two new markets, including Colorado's mountain region. As its footprint grew, the company sought additional working capital to support its expanding operations.
With seasonal demand shaping its business, Elephant Energy needed financing with repayment terms that could accommodate fluctuations throughout the year. The company returned to Enduring Planet for additional capital with an amortization schedule tailored to its seasonality.
Elephant Energy partnered with Enduring Planet again to:
- Access working capital to support its growing operations
- Align debt repayments with the seasonality of its business
- Continue expanding home electrification across Colorado and Los Angeles
The existing relationship was a key factor in Elephant Energy's decision. Enduring Planet's fair terms, flexible repayment structure, and responsiveness made it a natural fit for the company's next phase of growth.
The speed of the process was another important factor. Rather than going through a three-month financing process, Elephant Energy completed the deal end to end in about 30 days.
The new capital will provide working capital as Elephant Energy continues growing its presence in Los Angeles and across Colorado.
Elephant Energy is already generating measurable climate impact by helping households transition away from gas-burning appliances. Over the past year, the company has avoided more than 2.5 million pounds of CO₂ emissions by replacing gas-burning appliances with electric alternatives.
With continued financing from Enduring Planet, Elephant Energy can support its expanding operations while helping more households make the switch to electric appliances.
The terms on the debt were fair, and we appreciate EP's flexibility to adapt the amortization schedule to the seasonality of our business.
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