Cactos
World's first cloud-controlled, distributed battery energy storage system based on recycled EV batteries.
World's first cloud-controlled, distributed battery energy storage system based on recycled EV batteries.
Cactos is a Finland-based startup, founded in 2021, that focuses on developing distributed energy storage systems based on batteries. The company's vision is delineated by its slogan, as it aims to be the "World's first cloud-controlled, distributed battery energy storage system based on recycled EV batteries." The latest milestone for Cactos is the €26.00M Series A investment, which took place on 10 January 2024. The investment was secured from notable investors including OP Financial Group and Ilmastorahasto - The Finnish Climate Fund, indicating a promising future for the startup in the energy, renewable energy, and energy storage industries.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | €26.00M | 2 |
|
10 Jan 2024 |
| Non Equity Assistance | Unknown | 1 |
|
02 Feb 2023 |
| Seed Round | €2.50M | 1 |
|
29 Nov 2022 |
| Debt Financing | Unknown | - | 29 Nov 2022 |
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