Torus, Inc. raised $67 million in venture financing led by Origin Ventures to advance energy storage and energy management platform.
Torus, Inc. raised $67 million in venture financing led by Origin Ventures to advance energy storage and energy management platform.
04/03/24, 1:10 PM
Location
utahMoney raised
$67 million
Industry
energy storage
biomass energy
solar
manufacturing
renewable energy
energy
Investors
Iconiq, Pelion, Zions Bank, The Larry H. Miller Company, Cumming Capital, Epic Ventures, Origin Ventures
Torus has successfully completed an equity fundraising round, raising a total of $67 million in new equity, conversion of outstanding notes, and a loan facility. The funding round was led by Origin Ventures and also saw contributions from notable institutional investors such as Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, and ICONIQ. Torus plans to use the funds to deepen its energy solutions portfolio in the commercial and large-scale utility sectors and add critical talent to the team.
Company Info
Location
utah, united states
Additional Info
Torus is a modern global energy solutions company that designs, engineers, and manufactures energy storage and management products for the residential, commercial, and large-scale utility sectors. The company's mission is to empower communities and individuals to become their own renewable energy providers, thereby making clean, renewable energy storage and management products accessible to all.