Sunverge Energy Garners $36,500,000 Series C Funding Round

  • Feed Type
  • Date
    2/11/2016
  • Company Name
    Sunverge Energy
  • Mailing Address
    950 Minna Street San Francisco, CA 94103 USA
  • Company Description
    The Sunverge SIS is a simple, intelligent and cost-effective distributed energy storage system that captures solar power and delivers it when needed most. It combines batteries, power electronics, and multiple energy inputs in a UL-certified appliance that is remotely managed and controlled by software running in the cloud.
  • Website
    http://www.sunverge.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $36,500,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Our partnership will allow us to better meet the needs of our customers in a carbon-constrained energy future which is increasingly based on decentralised products and services including digital metering, solar PV systems, as well as new technologies such as batteries, electric vehicles and other beyond the meter energy solutions.
  • M&A Terms
  • Venture Investor
    AGL Energy Limited
  • Venture Investor
    Australian Renewable Energy Agency
  • Venture Investor
    Siemens Venture Capital
  • Venture Investor
    Total Energy Ventures