Singularity Energy Raises $4.5 Million in Seed Funding
Summary
As part of the round, Marc Tarpening, Tesla co-founder and partner at Spero Ventures, will join the company’s board of directors. The company intends to use the funds to expand their product and technology roadmap, improve customer success, develop partnerships with key stakeholders, and continue to hire talent. Led by CEO Wenbo Shi, Singularity Energy is an intelligent grid decarbonization platform built by experienced power systems and software experts from Harvard, MIT, and Johns Hopkins. Singularity works with Harvard, Sense, Measurabl, Eversource, and several undisclosed grid operators and utilities on decarbonization efforts. In addition to the Seed funding round, Singularity has received $1.2 million in grants from the National Science Foundation’s (NSF).