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Energy Tech Seed Founded 2015

Novele

Novele provides behind-the-meter residential battery storage systems, featuring a 10 kWh product just 1.8 inches thick with an inbuilt 5 kW inverter for direct AC output. The system includes cloud-accessible BMS and an online dashboard, claiming 98% round trip efficiency. Founded in 2015 in New York City, United States, the company has raised seed funding from URBAN-X and Techstars. Novele is a behind-the-meter…

📍 New York City, United States · Energy Storage Tech

Funding snapshot

Last roundSeed
Amount$150K
Date29 March 2023
Total raised$170K
Team size28

About

Novele provides behind-the-meter residential battery storage systems, featuring a 10 kWh product just 1.8 inches thick with an inbuilt 5 kW inverter for direct AC output. The system includes cloud-accessible BMS and an online dashboard, claiming 98% round trip efficiency. Founded in 2015 in New York City, United States, the company has raised seed funding from URBAN-X and Techstars. Novele is a behind-the-meter residential battery storage system which is just 1.8 inch thick for their 10 kWh product. The unit has an inbuilt 5 kW inverter thus providing direct AC from the battery itself. Apart from a 10 kW AC version their is an additional 20 kW DC Energy Board.

Business model

Energy Storage Tech > Energy Storage System > Lithium Ion > Commercial

Institutional investors

URBAN-X Techstars GINCO Investments Brett Morrison

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