Yotta Raises $1.8M in Seed Funding and Grants
Summary
Yotta, an Austin, TX-based developer of panel-level energy storage, raised $1.5m in seed funding and an additional $300k in grants. The company intends to use the funds to expand its beta testing to several new installations with strategic partners. Founded in 2017 and led by CEO Omeed Badkoobeh, Yotta is an energy storage company advancing a fully-integrated hardware/software solution for developers. Through its flagship product, SolarLEAF™, the company has pioneered a modular storage solution with smart thermal regulation that integrates behind each photovoltaic (PV) panel while maximizing life and performance. Yotta’s software platform enables the aggregate system to address various needs for energy control and resiliency.
Funding
Amount
$1.8M
Total raised
Date
August 25, 2019
Announcement date
Investors
-
Lead investors
Company
weareyotta.com
Funded company
Classifications
industries
Environment
applications
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Linked Companies
Yotta Ltd
$5M to $10M