The round was led by Framework Ventures, a major crypto-native venture capital firm best known for its early entrance in the DeFi, AI, and gaming spaces, and Union Square Ventures, a venture capital firm that invests at the edge of large markets being transformed by technological and societal pressures.

Specifically, Framework Ventures and Union Square Ventures co-led a $6.5 million raise as well as a $23.5 million solar investment that will support the expansion of utility scale solar farms on Glow, commencing immediately in India.

Glow, an Ethereum-based solar infrastructure protocol, revolutionizes the decentralized electric grid by rewarding solar farms with GLW tokens for their electricity production and USDC for their carbon credits. More than a protocol, Glow is a green energy movement to replace the entire dirty grid with 100% renewable clean energy.