Caban Systems, a Burlingame, CA-based provider of renewable energy solutions for critical infrastructure, raised $51M in Series B funding.
The round was led by BCP Ventures with participation from Ontario Power Generation Pension Fund, Ember Infrastructure, Portfolia, and Inspiration Ventures.
The company intends to use the funds to scale domestic battery manufacturing capacity, broaden its product and service offerings, and expand into global markets.
Founded in 2018 by Alexandra Rasch Castillo and Brian Pevear, Caban Systems is a renewable energy services company that offers end-to-end solutions for critical infrastructure that reduce operational expenses and increase uptime. The company has pioneered a solution that leverages its proprietary lithium-ion energy storage technology, intelligent remote monitoring software, and integrated Energy-as-a-Service offering to decarbonize and modernize critical infrastructure.
Caban’s solutions are powering over 500 customer sites across 10 countries, with more than 1,400 additional sites under contract.
FinSMEs
05/01/2023