FranklinWH Raises $25M in Series B Funding
Summary
The company intends to use the funds to expand its R&D capabilities, optimize supply chain and scale up operations and sales network. Founded in 2019, FranklinWH Energy Storage is a research-driven company focused on residential energy management and storage solutions and the the manufacturer of the Franklin Home Power system, a whole-home energy management system with AC-coupled storage. The integrated home energy management system consists of the aPower battery — offering the highest LFP AC capacity on the market — and the aGate, an intelligent power control system that creates maximum home comfort. The solution is pre-assembled for fast and easy installation. Founded in 2019, the company was originally funded by Sequoia Capital.
Funding
Amount
$25.0M
Total raised
Date
August 24, 2023
Announcement date
Investors
-
Lead investors
Company
http://www.franklinwh.com
Funded company
Classifications
industries
Energy & Natural Resources
applications
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