logo
logo

Exowatt has closed a $70 million Series A funding round led by Felicis to scale its renewable energy solutions, bringing total funding to $90 million.

Apr 22, 2025•4 months ago

Amount Raised

$70 Million

Round Type

series a

MiamiBiomass EnergyRenewable EnergyEnergy

Investors

A16zAtomicStep Stone GroupGoat VcMvp VenturesMcj CollectiveThrive CapitalStarwood Capital8090 IndustriesAndreesen HorowitzHsbc Innovation BankingFelicis

Description

Exowatt, a renewable energy company, raised $70 million in Series A funding to support the deployment of its Exowatt P3 product. The funding was led by venture firm Felicis and includes $35 million in debt from HSBC Innovation Banking. Additional investors include Andreesen Horowitz and several other notable firms. The funding aims to expand production and accessibility of their innovative solar technology.

Company Information

Company

Exowatt

Location

Miami, Florida, United States

About

Exowatt is a next generation renewable energy company offering commercial and industrial customers a modular full-stack energy solution that can provide dispatchable power and heat for up to 24 hours per day, specifically designed to meet the needs of energy-intensive applications such as data centers. Our mission is clear, to make sustainable renewable energy always available and almost free.

Related People

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech