CNTM
Industry:
Renewable & Alternative Energy Software Transportation

DESCRIPTION

ConnectM is an early-stage clean energy technology company that serves residential and commercial customers, service providers, and OEMs across several clean energy verticals. ConnectM's two core U.S. segments are its Owned Service Network — where ConnectM installs and services HVAC systems, solar panels, battery storage, and EV chargers, primarily in Massachusetts, Virginia, and Florida — and Managed Solutions, an asset-light platform that lets third-party service providers remotely monitor and manage customer systems, bundled with back-office services like marketing and procurement. In India, ConnectM provides EV fleet telematics, battery diagnostics, and distributed solar energy services to OEM customers including Volvo, Ashok Leyland, and Motovolt. ConnectM also operates a last-mile logistics software business through its DeliveryCircle subsidiary. ConnectM's stated priority is to shift its revenue mix away from lower-margin installation work and toward recurring SaaS and data subscription revenue. Central to this is an AI platform that processes data from over 120,000 connected assets daily. ConnectM created Keen Labs in October 2025 to consolidate all AI and software development. ConnectM went public via SPAC merger in July 2024 and had roughly 176 total employees as of year-end 2025.

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