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Energy Tech Series B Founded 2017

Yotta Energy

Yotta Energy develops distributed solar energy storage systems designed for commercial buildings, offering panel-level storage solutions that integrate directly with solar installations. The company flagship product, the YOTTA BLOCK (YB-1), is a 1 kWh distributed energy storage unit featuring a plug-and-play, retrofittable design that scales according to facility needs, with a high-efficiency DC-coupled…

📍 Austin, United States · Renewable Energy Tech,

Funding snapshot

Last roundSeries B
Amount$8M
Date19 September 2023
Total raised$33M
Team size39

About

Yotta Energy develops distributed solar energy storage systems designed for commercial buildings, offering panel-level storage solutions that integrate directly with solar installations. The company flagship product, the YOTTA BLOCK (YB-1), is a 1 kWh distributed energy storage unit featuring a plug-and-play, retrofittable design that scales according to facility needs, with a high-efficiency DC-coupled architecture. The system works with YOTTA VISION, an energy management platform that enables control over demand charge reduction and peak shaving applications. Yotta also manufactures Dual Power Inverters (DPI-208 and DPI-480), native 3-phase microinverters that each support four high-capacity solar modules and comply with rapid shutdown requirements. The company name references the approximately one yotta (10^24) joules of solar energy that hits the Earth surface annually. Founded in 2017 and headquartered in Austin, Texas, Yotta Energy has raised approximately $32.7 million through Series B funding from investors including Evergy Ventures, BlueScope, WIND Ventures, EDP Ventures, and Doral Energy Group.

Business model

Renewable Energy Tech > Solar Energy > Energy Storage > Systems > Lithium ion > Residential,

Energy Storage Tech > Energy Storage System > Lithium Ion > Residential,

MassChallenge Batches > Cohort Information Unavailable

Institutional investors

Austin Technology Incubator SERDP and ESTCP Evergy Ventures Cricetus Felix Ventures BlueScope WIND Ventures EDP Ventures Doral Energy Group Southwest Angel Network APsystems State of California Riverstone Holdings Skyview Ventures MassChallenge Free Electrons

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