March 2021

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Raising senior project financing

  • Econic aims to accelerate the European energy transition by turning every home into an e-home (a home of the future, packed with sustainable heat and energy systems);
  • For a fixed monthly fee, all equipment needed for your e-home are installed and serviced by Econic. This can be done for new or existing build;
  • In 2020, Avaxa was engaged by Econic to assist in raising senior project financing to facilitate further growth;
  • Avaxa assisted in financial modelling, commercial negotiations and in drafting the financing agreement; and
  • Following a smooth process, the desired amount of project financing was raised, enabling Econic to further pursue its growth strategy.