Electriq Power Raises Over $10 Million to Expand Operations
Summary
SAN LEANDRO, Calif., June 24, 2021 (GLOBE NEWSWIRE) , a leading provider of intelligent and integrated home energy storage, management, and monitoring solutions, announced today that it has raised over $10 million in incremental funding. The response from our co-investors, particularly Grosvenor, is hugely validating and well deserved, and we are excited to continue supporting the company as it executes on an ambitious agenda to bring energy storage to homes across different geographies and demographics.Electriq Power will use the additional funding to further enable the expansion of its existing operations and to accelerate the roll-out of its industry-leading PowerPod 2 residential battery system. Specifically, the company will look to: Accelerate partnerships with distribution partners, like the one earlier this year to supply home energy storage systems throughout North America and the Caribbean. Deploy the PowerPod 2 to provide storage systems to residents of Parlier, California, demonstrating Electriqs commitment to removing the cost barrier to sustainable energy solutions. Based in California, Electriq designs, engineers, and assembles fully integrated energy management and storage solutions for homes and small businesses, with systems deployed across North America.