Haven Energy, a Los Angeles, CA-based climate tech company, raised $4.2M in Seed funding.
The round was led by Lerer Hippeau and Giant Ventures, with participation from Quantum Innovation Fund and Raven One Ventures.
The company intends to use the funds to expand throughout California and to additional US markets, targeting 100,000 installations by 2028.
Led by Vinnie Campo (CEO), Jeff Chapin (CPO), and Philip Krim, Haven Energy is a climate technology company that focuses on home energy storage. The company guides homeowners through selecting, quoting and financing a home battery system, pairing homeowners with qualified and vetted electricians to perform the installation. After installation, Haven works with homeowners to integrate their batteries into an aggregated virtual power plant, allowing customers to monetize participation in grid services and reduce electricity costs.
Haven Energy’s home battery systems can be paired with previously installed solar panels or draw directly from the grid to provide backup power in case of emergencies. A 10 kWh battery can power the basic operations of a house for at least 24 hours. Software maintained by the company will automatically switch a home to draw from its stored energy reserves during an outage and reduce electricity bills by $500-$1,000 per year through optimized time-of-use (TOU) programming. Where allowed by local regulations, homeowners may also be able to monetize their stored energy by selling it back to local utility companies.
FinSMEs
12/04/2023