Bay Area startup ElectrIQ raised a $6 million seed round to support its challenge to the home storage incumbents. Earlier this month, the company released a new product, the PowerPod, which packs 11 kilowatt-hours of energy capacity, an inverter and smart home integration into one $8,999 package. That left the question of how a 17-person startup could sustain competition with the likes of Tesla’s Powerwall or LG Chem’s Resu. The company offered up some answers this week. It has raised $6 million in a combination of debt conversion financing and new equity financing.