Revterra Raises $6M In Series A, Global Investors Support Development Of Grid-Stabilizing Kinetic Battery
Revterra Raises $6M In Series A, Global Investors Support Development Of Grid-Stabilizing Kinetic Battery
07/19/22, 12:03 PM
Location
houstonMoney raised
$6 million
Industry
sustainability
other
Round Type
series a
Revterra Corporation, a Houston-based technology company developing a grid-stabilizing kinetic battery, today announced a $6M Series A financing led by Equinor Ventures and joined by SCF Ventures. The capital raised will fund product development, hiring, and the commercialization of Revterra's S100 kinetic battery to accelerate the rapid electrification of transportation and enable increased renewable energy deployment without destabilizing the electric grid.
Company Info
Location
san jacinto st
houston, texas, united states
Additional Info
The company has worked with ecosystem partners including NextEra / Florida Power & Light's 35 Mules innovation hub, the Black & Veatch IgniteX program, Greentown Labs, and more. The company aims to rapidly expand its team over the next 12 months, hiring top-tier electrical, mechanical, and manufacturing engineering talent. The company aims to deploy larger, grid-scale solutions over time to support a secure, reliable, and clean electric grid in the 21st century.