We're on a simple mission:
to empower others to fundamentally change the world.
Perl Street transforms under-banked hardware companies into distributed asset developers with structures formerly reserved for billion-dollar project finance transactions.
The age of the traditional power plant is over. The future of infrastructure is small and distributed assets. Perl Street's mission is to help hardware companies deploy and finance their projects earlier than ever before in order to upgrade the world's infrastructure for climate resiliency.
With Perl Street, even early-stage hardware companies can build financeable packages of assets and manage them at scale. Perl Street helps hardware companies to bundle their assets to expand their debt financing options with advanced SPV structures, generate recurring revenue through hardware-as-a-service business models, increase their valuation and leverage with equity investors, and to multiply their assets over time with less dilution.
We believe in investing in the future of cities, hardware, and infrastructure for climate resiliency. But in many ways it all started with Pearl Street Station, the first commercial plant in the United States. Powered by coal (of course) and built by Thomas Edison's "Edison Illuminating Company" in 1929. It was located on 255-257 Pearl Street in the Financial District of Manhattan, NYC.
As of the time of this writing, there are currently still over 240 coal power plants operating in the United States alone.
Building the future isn't for those with low conviction.
Trust above all else
The future isn't built on empty promises and vaporware. We operate with trust and transparency at all times, and hold our partners to this standard as well.
We go for the hard problems
"It's always been done this way" isn't a good enough answer for us. Systematic change is a long and difficult process, but the end result is a better playing field for everyone.
We believe in our partners
We are ferociously optimistic about the possibilities that lie ahead of us, and we have a deep belief in our partners being the ones to build a brighter future for us all.
Meet our team
A tight-knit group of diverse minds, united by a passion to eliminate the roadblocks to implementing the future.
Tooraj Arvajeh has 20+ years of experience in developing, financing, and operating $1B+ new infrastructure and climate-tech projects across the world. Tooraj has worked in senior engineering, project origination, and research roles at Arup, Hatch, BlocPower, and the Building Performance Lab. Tooraj holds degrees in mechanical engineering and business from the University of Waterloo, Columbia Business School, London Business School, and the University of Hong Kong.
Ricardo Pacheco is a Software Engineer with 15+ years in delivering software for multiple industries and technologies. He has extensive experience in building highly available distributed systems, developing frontend/backend/mobile applications, architecting cloud computing infrastructure, leading teams and promoting core Agile practices such as pair programming, TDD and continuous delivery. Ricardo's previous roles include: Senior Engineer at Amazon, Lead Consultant at ThoughtWorks and Solutions Architect at Adidas.
Jack has more than a decade of experience in climate, working directly for companies building products to revolutionize building energy, energy storage, and energy access, including Swell Energy. He’s worked on investments across the venture, debt, and blended finance spectrum, and advised public sector clients including the NREL, LBNL, NYSERDA, New Energy Nexus, and the Sierra Club Foundation. Jack studied energy and finance at Berkeley’s Haas School of Business, and Environmental Chemistry at Middlebury College.
Jose is a software engineer with over 10+ years of experience in software development including work on distributed systems, software-as-a-service products, payment processing, and frontend and backend system design. Jose has experience designing highly scalable architecture, as well as leading technology development using Agile practices, test driven development, continuous delivery, as well as delivering workshops and presentations and building culture and community within the organizations he is a part of. Jose hold a degree in Computer Science and Computer Systems Engineering from the Universidad de Sevilla.
Arvind Vermani has worked in credit and finance for over two decades in every major international market. He brings a deep understanding of the underwriting and transaction management processes in structured finance, direct lending and situational credit. Arvind holds degrees in Mechanical Engineering and Business Administration from Delhi College of Engineering and Indian Institute of Management Bangalore.