What is Powervault?
Powervault is a UK-based company dedicated to developing and manufacturing advanced energy storage systems for residential and commercial applications. Their core products, the Powervault P3 and PVCompact, are designed to store surplus energy generated from solar PV or wind turbines. This capability not only helps consumers reduce their energy costs but also contributes to environmental protection by promoting the use of renewable energy. The company's commitment to domestic manufacturing highlights its focus on quality and innovation within the sustainable energy market.
How much funding has Powervault raised?
Powervault has raised a total of $6.7M across 3 funding rounds:
Angel/Seed
$1.1M
Angel/Seed
$1.6M
Unspecified
$4M
Angel/Seed (2016): $1.1M, investors not publicly disclosed
Angel/Seed (2017): $1.6M, investors not publicly disclosed
Unspecified (2023): $4M supported by Green Angel Syndicate
Key Investors in Powervault
Green Angel Syndicate
Green Angel Syndicate is a prominent UK-based angel syndicate that focuses on climate change investments. They specialize in identifying and backing innovative companies addressing environmental challenges, offering investment solutions aimed at positive climate impact.
What's next for Powervault?
With the recent major strategic investment, Powervault is poised for significant growth and expansion. This capital injection will likely fuel further research and development into more efficient energy storage technologies, enhance manufacturing capabilities, and broaden market reach. The company's focus on sustainability and cost-effectiveness positions it favorably to capitalize on the increasing global demand for renewable energy solutions and smart grid integration. Future developments may include strategic partnerships to scale deployment and further solidify its position as a leader in the clean energy transition.
See full Powervault company page
