Rewbi Closes $4m Seed Round
Summary
Rewbi has closed a $4 million seed round to build what it calls the next generation power company. The company uses AI to optimize grid-connected battery storage and starts by structuring battery rental agreements for storage owners. It already operates in Texas and says it is generating profit by balancing the grid. Rewbi is also actively quoting battery storage offtake opportunities in the U.S. and abroad and is looking to connect with project owners for debt and project-level capital.
Funding
Amount
$4.0M
Total raised
Date
May 6, 2025
Announcement date
Investors
Old Lane, Collaborative Fund, Y Combinator, General Catalyst
Lead investors
Company
https://www.rewbi.com
Funded company
Classifications
industries
Energy & Natural Resources
applications
AI & Machine learning
AskAI Classifications
Labels
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