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Investors’ appetite for clean energy technology seems insatiable at the moment.
Mountain View, Calif.-based Lunar Energy has become the latest startup in the sector to raise major funding, closing two rounds of $300 million in investment while operating quietly over the past two years.
Moon Energy is trying to build its entire hardware and software ecosystem to enable homes to become completely energy independent – creating, storing and using the energy they generate themselves.
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The company is led by former Tesla executive Kunal Jirotra and has built a team of about 250 employees in two years.
“The first offering of our product ecosystem is a next-generation home battery system,” Girotra said in the release. “Electrifying all homes and connecting communities with clean and sustainable virtual power plants – freeing them from power outages, rising energy costs and harmful emissions is the first step towards our mission.”
Investors in the two rounds include San Francisco-based solar company Sunrun and South Korea’s SK Group.
In addition to announcing the new funding, Lunar also announced the acquisition of UK-based distributed energy management software startup Moixa. Terms of the deal were not disclosed.
Big money
Moonrise is the latest major investment in the cleantech sector. As recently as the third quarter of this year, other massive funding announcements in cleantech include:
Example: Dom Guzman.
Stay up-to-date with the latest funding rounds, acquisitions and more at Crunchbase Daily.
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