Erco Energía announces the closing of a US$129 million Series C equity investment round, aimed at strengthening its capacity to develop and construct energy projects in Colombia. This transaction ranks among the largest equity rounds announced by a Colombian company in 2026 and confirms the energy sector's role as one of the most attractive investment opportunities in the country.
The round included participation from investors Next Utility Ventures, a private equity fund of the Ventures EPM program, managed by Axon Partners Group, Augment Infrastructure, Norfund and Endeavor Catalyst, who contribute capital, institutional backing and experience in financing the energy transition in the region.
The funds will be used to accelerate the development of energy projects in various regions of the country. These projects expand installed generation capacity and contribute to the diversification of the national energy mix.
The company frames the operation as a commitment to Colombia: investing in energy is investing in the country's economic and social growth. Erco assumes its role as an infrastructure builder, convinced that energy development generates employment, revitalizes regions, and reflects the strength of the Colombian energy market and the fundamentals of the business.
According to Luis Fernando Gómez, financial manager of Erco Energía, “this operation reaffirms the Organization’s purpose of being a vehicle for energy growth and prosperity for Colombia, a country with enormous energy potential. With these investments, the company will be able to continue building infrastructure, sustainability, and growth for the nation and Colombians.”
Erco Energy
With over 14 years of experience, Erco Energía is a Colombian company that has built the most comprehensive energy ecosystem in the country, integrating solar generation, storage, electric mobility, energy trading, electrification, and energy efficiency. The company supports homes, businesses, and industries in their transition to a clean, affordable, and digital energy model, establishing itself as a leading distributed solar energy company in Colombia.
About Next Utility Ventures
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Next Utility Ventures, part of Ventures EPM, is the climate tech fund managed by Axon Partners Group within the EPM Group's Corporate Venture Capital program, which invests in growth-stage companies related to the energy transition and its impact on the provision of public services.
About Augment Infrastructure
Augment Infrastructure is a US-based fund manager specializing in infrastructure investments in Latin America and Asia. Augment Infrastructure supports founder-led companies by providing them with capital for growth.
About Norfund
Norfund is the Norwegian Investment Fund for Developing Countries, which invests to create jobs, improve lives, and support the transition to net-zero emissions. Owned and funded by the Government of Norway, Norfund is its most important tool for strengthening the private sector in developing countries and reducing poverty.
About Endeavor Catalyst
Endeavor Catalyst is Endeavor's rules-based co-investment fund, created to invest exclusively in companies led by Endeavor Entrepreneurs and to sustain Endeavor's long-term operations in a manner aligned with its mission.