Gridtential Raises $12M in Funding

28 Apr, 2021

Gridtential Raises $12M in Funding
Photo by Bram Naus on Unsplash

– Gridtential Energy, a Santa Clara, Calif.-based creator of advanced AGM battery technology Silicon Joule, raised $12M in financing.
– The round was led by 1955 Capital with participation from Silicon Valley Bank, August Capital cofounder David Marquardt, ReneSola CEO Yumin Liu and existing investors East Penn Manufacturing, Crown Battery and the Roda Group joining as well.
– The company, which has raised $28M to date, intends to use the funds to support a new production line of advanced lead reference batteries, including the single-block 24V deep-cycle lead battery.

Battery CleanTech Energy Energy Storage North America Renewable Energy
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