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Polar Power secures $999,700 in Series A funding led by CL Investment and LU2 Holdings to enhance liquidity and financial flexibility.

PRIVATEAug 11, 2026•about 3 hours ago

Amount Raised

$1 Million

Round Type

Series A

United StatesManufacturingEnergyRenewable EnergySolar

Investors

Lu2 HoldingsCl Investment

Description

Polar Power closed additional Series A Convertible Preferred financing with CL Investment and LU2 Holdings for aggregate gross proceeds of $999,700. The preferred carries a 10% annual dividend and comes with three-year warrants. This financing aims to bolster liquidity and financial flexibility. Investors received warrants priced at $1.65 per share.

Company Information

Company

POLAR POWER

Location

United States

About

Polar Power, Inc. is a technology company based in Gardena, California, primarily engaged in the design, manufacturing, and marketing of power generation and management systems. The company operates in the renewable energy sector, focusing on providing solutions for localized power generation, particularly through its range of DC power systems and renewable energy products. Polar Power serves various markets including telecommunications, military, and commercial sectors, aiming to enhance energy efficiency and sustainability. As of the date of this filing, the company is publicly traded under the ticker symbol POLA on The NASDAQ Stock Market, indicating its size and sector influence. The company continues to innovate in its strategic focus on advancing clean energy technologies.

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Strategic

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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