Yotta Energy, an Austin, TX-based provider of solar+storage solutions, raised $8M in funding.
The round was led by Evergy Ventures with participation from strategic investors BlueScope and Cricetus Felix Ventures and existing investors Copec WIND Ventures, EDP Ventures, Doral Tech Ventures, and the SWAN Impact Fund.
The company intends to use the funds to help its scale up manufacturing and accelerate the deployment of its SolarLEAF battery technology.
Led by CEO Omeed Badkoobeh, Yotta Energy provides solutions that incorporate solar, energy storage, and electric vehicle charging technologies into commercial buildings. It has developed a PV-Coupled™ architecture, a smart energy storage solution designed to scale with rooftop solar PV projects, in addition to a number of electric vehicle charging products to create a holistic ecosystem of renewable energy technologies. Its technology features advanced thermal management to maintain an optimal working temperature even under extreme outdoor conditions. As an integrated software plus hardware solution, Yotta also helps address grid outages by enhancing grid resilience and reliability.
The company is increasingly building up a network of certified developers and installers, including Teylon and E2SOL deploy solar+storage architecture to some notable national retailers.
In addition, Yotta announced the launch of its new product, Yotta Vision, a monitoring platform designed to enhance solar system management. With its capability to analyze individual solar modules and micro-inverters, the company enables remote access to a solar array. Real-time communication, performance issue alerts, Temperature monitoring, and dynamic graphs of solar output empower efficient troubleshooting and optimization.
FinSMEs
20/09/2023