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UNIGRID Battery raised $12 Million in a Series A funding led by Transition VC and Ritz Venture Capital to accelerate and scale-up battery production.

PRIVATEJun 13, 2024

Amount Raised

$12 Million

Round Type

Series A

San DiegoManufacturingEnergyRenewable EnergyEnergy StorageBattery

Investors

Foothill VenturesUnion Square VenturesRitz Venture CapitalTransition VC

Description

UNIGRID Battery, a San Diego-based startup developing advanced sodium-ion batteries, announced a successful close of an oversubscribed $12 Million Series A funding round. The investment will accelerate and scale-up UNIGRID's battery production to fulfill MWh-scale customer orders in the electric mobility and stationary storage markets.

Quick answer

UNIGRID Battery raised $12 Million in a Series A round, dated June 13, 2024. Investors: Foothill Ventures, Union Square Ventures, Ritz Venture Capital and Transition VC. UNIGRID Battery is based in San Diego, California, United States.

How much did UNIGRID Battery raise?
UNIGRID Battery raised $12 Million in a Series A round on June 13, 2024.
Who invested in UNIGRID Battery?
Foothill Ventures, Union Square Ventures, Ritz Venture Capital and Transition VC are named as investors in this round.
What does UNIGRID Battery do?
UNIGRID Battery is a San Diego-based startup founded in 2021, specializing in advanced sodium-ion batteries for energy storage and electric mobility applications.
Where is UNIGRID Battery based and how big is it?
UNIGRID Battery is based in San Diego, California, United States. Fundz records about 6 employees.
Who are the decision-makers at UNIGRID Battery?
Fundz holds 1 contact at UNIGRID Battery. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as UNIGRID Battery that raised within 45 days of this round, from Fundz verified event records.

  • Libattion raised $15M (Private Equity) on June 27, 2024.
  • ecop raised $9.2M (Grant) on July 26, 2024.
  • Greenely raised $8.7M (Series A) on July 26, 2024.
  • Active Membranes raised $2.3M on July 15, 2024.
  • Naked Energy raised $22M (Series B) on July 15, 2024.
  • BTRY raised $165K (Seed) on July 15, 2024.

Who to call at UNIGRID Battery, and when

A new round usually means UNIGRID Battery is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

UNIGRID Battery

Location

San Diego, California, United States

About

UNIGRID Battery is a San Diego-based startup founded in 2021, specializing in advanced sodium-ion batteries for energy storage and electric mobility applications. The company develops technology that surpasses industry standards in energy density and safety metrics, with a focus on drop-in compatibility with conventional Li-ion battery manufacturing infrastructure.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

UNIGRID Battery raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.