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Industry Leaders Invest $95 Million In Viridi Parente

Jan 11, 2022over 3 years ago

Amount Raised

$95 Million

Buffalo

Description

Viridi Parente, Inc. (Viridi), a leader in developing safe, resilient, point-of-use battery storage technology, has raised $94.695 million in a Series C funding round. This round of funding, in which Viridi is valued, post-money, at $700 million, marks the next step toward the company’s vision to manufacture fail-safe, point-of-use lithium-ion battery technology at scale.

Company Information

Company

Viridi Parente

Location

Buffalo, Kansas, United States

About

Viridi Parente, Inc. (Viridi) is a point-of-use lithium-ion battery technology company based in Buffalo, New York, that is reimagining energy storage. Viridi’s innovative, fail-safe battery technology, developed from materials used for aerospace and military applications, is the only design in the market that can be safely installed and operated in nearly any environment or location, bringing fail-safe battery storage technology into applications that have historically been dominated by fossil fuel and lead-acid systems. Through its Green Machine brand, Viridi is bringing fully renewable mobile energy solutions to products in construction, waste disposal, last-mile delivery, and other portable industrial markets. Through its Volta Energy brand, Viridi brings stationary, point-of-use battery technology that is fail-safe, adaptable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Viridi’s innovation extends to creating social as well as economic value, by repurposing abandoned manufacturing sites, located in economically depressed urban areas, and creating jobs in these challenged communities where they are needed most. Learn more at: www.viridiparente.com.

Funding Insights

Based on industry data
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