Yotta Energy, established in 2016, aims to revolutionize the solar storage industry with its innovative Commercial Energy Storage solutions. The company's flagship product, SolarLEAF™, offers a decentralized, panel-level storage system with intelligent software to optimize energy efficiency. Yotta's unique modular storage solution with smart thermal regulation seamlessly integrates behind each photovoltaic (PV) panel, maximizing the life and performance of the battery. This technology allows for the effortless expansion of solar + storage microgrids in minutes, addressing the need for a breakthrough in energy storage solutions. The last major milestone for Yotta Energy was the $8.00M Venture Round investment on 19 September 2023, which saw participation from a consortium of notable investors including Evergy Ventures, Wind Ventures, Southwest Angel Network, Doral Energy-Tech Ventures, EDP Ventures, BlueScopeX, Cricetus Felix Ventures, and Bluescope Steel. This funding injection will likely enable Yotta Energy to further develop and commercialize its innovative energy storage solutions, strengthening its position in the Energy and Renewable Energy industries. Yotta Energy's vision to accelerate the adoption of solar+storage technologies by engineering cost-effective and reliable energy storage solutions aligns with the current market demand for practical and efficient batteries. As the industry continues to evolve, Yotta Energy's innovative approach has the potential to change the landscape of solar energy, making it a compelling option for prospective investors seeking to capitalize on the burgeoning renewable energy market in the United States.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $8.00M | 8 | Bluescope Steel | 19 Sep 2023 |
Grant | $1.23M | 1 | 30 Aug 2022 | |
Grant | $1.97M | 1 | U.S. Department of Defense | 02 May 2022 |
Series A | $3.50M | 1 | 02 May 2022 | |
Series A | $13.00M | 5 | 02 Nov 2021 |
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