FranklinWH, a San Jose, CA-based whole-home energy management company, raised $25M in Series B funding.
The round was led by Particle Future.
The company intends to use the funds to expand its R&D capabilities, optimize supply chain and scale up operations and sales network.
Founded in 2019, FranklinWH Energy Storage is a research-driven company focused on residential energy management and storage solutions and the the manufacturer of the Franklin Home Power system, a whole-home energy management system with AC-coupled storage. The integrated home energy management system consists of the aPower battery — offering the highest LFP AC capacity on the market — and the aGate, an intelligent power control system that creates maximum home comfort. The solution is pre-assembled for fast and easy installation. After over one year on the American market, FranklinWH has onboarded over 1,000 installation companies through its FranklinWH Certified Installer program.
Founded in 2019, the company was originally funded by Sequoia Capital.
FinSMEs
24/08/2023