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Access here alternative investment news about Electriq Raises $6M Seed Round To Finance Home Storage Push
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Electriq Raises $6M Seed Round To Finance Home Storage Push

by greentechmedia.com posted 3weeks ago 23 views
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.

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