Equilibrium Energy raised $39M in a Series B funding round led by DCVC to accelerate its market entry into California and enhance its battery management technology.

Oct 15, 2024•9 months ago

Amount Raised

$39 Million

Round Type

series b

San FranciscoCommercial

Investors

Valo VenturesBreakthrough Energy VenturesDcvc

Description

Equilibrium Energy has closed a $39M Series B venture funding led by DCVC and supported by Breakthrough Energy Ventures and Valo Ventures. The funds will help the company expand its battery tolling portfolio and strengthen its market-leading performance in clean energy.

Company Information

Company

Equilibrium Energy

Location

San Francisco, California, United States

About

Equilibrium Energy is a technology company building a next-generation clean power company. Its mission is to accelerate society’s transition to climate and energy equilibriums. Founded in 2021, Equilibrium operates at the intersection of cutting-edge AI, power systems fundamentals, modern software, novel commercial structuring, and dynamic risk management across the power value chain. Equilibrium is being built by experts with decades of experience in energy, science, and software. Equilibrium thrives on supporting its partners’ efforts to tackle climate change.

Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Equilibrium Energy raised $39M in a Series B funding round led by DCVC to accelerate its market entry into California and enhance its battery management technology.

Investors

Description

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