$102 Million in VC Funding Pours into Grid-Related Sectors for Q3 2016

$625 million goes to Battery Storage residential and commercial project funds

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Smart Grid, Battery Storage and Efficiency companies raised $102 million in venture capital funding (including private equity and corporate venture capital) in Q3 2016. The top funded company was an Efficiency company, ecobee, a manufacturer of a Wi-Fi-enabled smart thermostat, with $35 million raised from Amazon Alexa Fund, Thomvest and Relay Ventures. Skeleton Technologies, a developer and manufacturer of ultracapacitors, raised $14.5 million from FirstFloor Capital, UP Invest and Harju Elekter in the second largest deal. Sense, a developer of a home energy monitoring system, rounded out the top three, with $14 million raised from Shell Technology Ventures, Energy Impact Partners, Capricorn Investment Group, Prelude Ventures, CRV and Bolt.

Mercom Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS