Funding and M&A Roundup: FranklinWH Secures $25 Million Series B Funding
Battery manufacturer Northvolt raises $1.2 billion to fund expansion plans
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FranklinWH, a residential energy management solutions provider, secured $25 million in Series B funding led by Particle Future. The funding is expected to help the company expand its R&D capabilities, optimize its supply chain, and scale up its operations and sales network. The company’s technology called the Franklin Home Power system, is a home energy management system that combines the aPower battery, which contains LFP batteries, and the aGate, a smart power control system.
