Venture Capital

U.k. Startup Moixa Lands Investment From Honda, Itochu, Others For Its Software To Turn Behind-the-meter Batteries, Electric Vehicles Into Virtual Power Plants.

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U.K. startup Moixa, which has megawatts' worth of behind-the-meter batteries in the U.K. and Japan running on its distributed energy management software, has landed an £8.6 million ($11.1 million) venture capital round led by EV-as-grid-asset partner, Honda. Monday’s investment also included previous investors Japanese investment firm Itochu Corporation and First Imagine Ventures, as well as Lithuanian firm Contrarian Ventures. The London-based startup has previously raised £5.5 million ($7.1 million) in January 2018, £1.5 million ($1.9 million) and £2 million ($2.6 million) in 2017, and seed rounds and grants stretching back to its 2006 founding.

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