Texas-headquartered Yotta Energy has raised $8 million in a funding round led by Evergy Ventures as well as including strategic investors BlueScope and Cricetus Felix Ventures, and existing investors Copec WIND Ventures, EDP Ventures, Doral Tech Ventures, and the SWAN Impact Fund.
â€œThe funding will help the company scale up manufacturing and accelerate the deployment of its SolarLEAF battery technology,â€ a Yotta Energy statement said.
Brock Smith, managing director at Evergy Ventures, said: “Yotta’s unique approach to addressing intermittency challenges in solar energy is truly game-changing, and we believe it aligns perfectly with our vision of advancing clean and sustainable energy solutions.â€
Omeed Badkoobeh, CEO of Yotta Energy, said: “This new $8 million funding round, reinforces Yotta Energy’s position as a leading player in the solar and storage domain. With the growing interest within this market for solar, ESS and EV Charging, and our recent entry into the GSA Green Proving Ground, a programme that will give us access on deploying our technology across government buildings, we think Yotta Energy is exceptionally positioned to deliver not only the best project economics but also deliver this at scale.â€