ENERGY STORAGE

US home storage company Haven Energy secures $7m in Series A funding

January 31, 2024

US home energy storage company Haven Energy has secured $7 million in Series A funding.

The round includes returning investors Lerer Hippeau, Giant Ventures, and Raven One Ventures, as well as new participation from Comcast Ventures, LifeX, TO VC and Habitat Partners.

Haven Energy specialises in “streamlining the entire process of getting a home battery, from installation to ongoing energy management”. The company said it will use its latest raise to “grow its footprint in new markets and to launch a first-of-its-kind software platform for selling home battery storage at scale, opening new revenue streams for solar and home energy partners”.

Vinnie Campo, founder and CEO of Haven Energy: “We anticipate that over half of US homes will have energy storage by 2030 and we want to be front and centre to help lead the transition. Home battery systems are one of the best investments a homeowner can make – lowering monthly electric bills, putting an end to power outages, and paving the way to energy independence.”

Tommy Stadlen, co-founder of Giant Ventures, who led the funding round, said: “Battery storage is crucial in the race to net zero, because it solves one of the major barriers to renewable energy scaling: intermittency. We are doubling down on our previous investment in the company after witnessing first-hand the extraordinary demand generated by what is one of the strongest teams building in the climate technology space globally.”

Marc Silberman, partner at Comcast Ventures, added: “Americans are increasingly investing in home electrification and battery backup systems as the benefits and incentives for clean technologies continue to grow. With the founding team’s deep consumer and industry expertise, we’ve been impressed with how Haven Energy has been able to simplify the installation process in a way that aims to help speed and scale adoption. This investment also aligns with Comcast’s ongoing focus on decarbonization as part of our carbon neutral goal as well as improving the resilience and reliability of services critical to homeowners.”