Heron Power, founded by former Tesla VP Drew Baglino, raised $140 million to scale up production of its grid technology and build a giga-scale manufacturing facility.
Amount Raised
$140 Million
Round Type
Funding Round
Scotts ValleyEnergyRenewable EnergySolarInvestors
Description
Heron Power, the grid technology startup led by Drew Baglino, closed a $140 million funding round. The capital will fund the construction of a giga-scale manufacturing facility. The startup aims to solve the electrical grid crisis impacting AI expansion and data centers. This funding positions Heron Power to meet rising demands from major tech companies for reliable power infrastructure.
Quick answer
Heron Power raised $140 Million in a Funding Round round, dated February 18, 2026. Investors: Gigascale Capital, Valor Atreides AI Fund, Energy Impact Partners and Breakthrough Energy Ventures. Heron Power is based in Scotts Valley, California, United States.
- How much did Heron Power raise?
- Heron Power raised $140 Million in a Funding Round round on February 18, 2026.
- Who invested in Heron Power?
- Gigascale Capital, Valor Atreides AI Fund, Energy Impact Partners and Breakthrough Energy Ventures are named as investors in this round.
- What does Heron Power do?
- Heron Power, founded by former Tesla executive Drew Baglino, is developing solid-state transformers for the electric grid.
- Where is Heron Power based and how big is it?
- Heron Power is based in Scotts Valley, California, United States. Fundz records about 55 employees.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Heron Power that raised within 45 days of this round, from Fundz verified event records.
- ArtIn Energy raised $255M (Private Equity) on March 24, 2026.
- ReNew Energy Global Plc raised $95M on March 16, 2026.
- Photoncycle raised $17M (Series A) on March 5, 2026.
- Lingge Energy Technology (Suzhou) Ltd raised $10M (Angel) on March 4, 2026.
- BluePath Finance raised an undisclosed amount on March 3, 2026.
- Otovo ASA raised $14M on March 2, 2026.
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