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Battery Storage, Smart Grid and Energy Efficiency Companies Bring in $2.8 Billion in VC Funding in 2018

Battery Storage, Smart Grid and Energy Efficiency Companies Bring in $2.8 Billion in VC Funding in 2018

In 2018, VC funding into battery storage companies increased by 19% to $850 million in 49 deals compared to $714 million raised in 30 deals in 2017. Total corporate funding, including debt and public market financing, increased to $1.3 billion in 2018 compared to $890 million in 2017. That’s according to a recent report by Mercom Capital Group, LLC, a clean energy research and communications firm. Lithium-ion based battery technology companies received the most funding with $236 million followed by energy storage systems companies with $193 million. The top VC funded companies in 2018 were: QuantumScape with $100 million, […]

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