logo
logo

Yotta Energy Closes $5M Seed Round to Commercialize Panel-Level, PV-Coupled™ Energy Storage Technology

Nov 10, 2020•almost 5 years ago

Amount Raised

$5 Million

Round Type

seed

Austin

Description

Yotta Energy announced today that the company has closed a $5M Seed Round to finalize UL certification and commence commercial production of its disruptive panel-level, PV-Coupled™ energy storage technology. The investors for this round include Fiftysix Investments, EDP Ventures, Skyview Ventures and other undisclosed investors.

Company Information

Company

Yotta Energy

Location

Austin, Texas, United States

About

Yotta Energy is a renewable energy storage company headquartered in Austin, Texas. Yotta has developed unique PV-Coupled™ architecture, a smart energy storage solution designed to scale with rooftop solar PV projects effortlessly. At about the size of a briefcase, Yotta’s patented panel-level energy storage solution can fit under any industry standard solar module, neatly integrating with the solar racking array. Yotta’s technology features advanced thermal management to maintain an optimal working temperature even under extreme outdoor conditions. As an integrated software plus hardware solution, Yotta also helps address grid outages by enhancing grid resilience and reliability. Yotta’s technology allows for a much lower total installation cost for rooftop solar-plus-storage than any other current energy storage system available today. Learn more at www.yottaenergy.com.