florrent

Florrent is a minority-owned DeepTech startup based in Massachusetts, pioneering the development of high energy density ultracapacitors. Founded in 2020, the company's mission revolves around addressing crucial challenges in the energy sector, particularly in stabilizing electrical grids and overcoming obstacles hindering the widespread adoption of renewable energies, electric vehicles, and net-zero buildings.

The company's ultracapacitors, produced in Western Massachusetts, are notable for being manufactured from abundant and regenerative hemp biomass, sourced from Black and Indigenous farmers in the US. This sustainability angle aligns with the increasingly important focus on environmentally friendly initiatives.

Florrent recently secured a substantial $2.48M Pre Seed Round investment on 07 September 2023, attracting a diverse group of backers that includes MassVentures, Tale Venture Partners, NextFab Ventures, Boston Impact Initiative (BII), AIN Ventures, and MassMutual Catalyst Fund. This noteworthy investment demonstrates the confidence of these respected venture capital firms in Florrent's potential and underscores the significance of its technology in the energy and energy storage industries.