Upstart Power Announces $17M Series C Financing Round And New Strategic Partnership

Nov 17, 2022•almost 3 years ago

Amount Raised

$17 Million

Round Type

series c

SouthboroughEnergy

Investors

Cricetus Felix VenturesH+ PartnersRodgers Capital

Description

Upstart Power, a leading developer and manufacturer of solid oxide fuel cell (SOFC) power systems for on-demand backup power and distributed generation, announces the closing of a $17 million Series C financing. The new funds will be used to accelerate the ongoing global commercialization of Upstart’s innovative UpgenTM platform of next-generation on-demand backup and grid-augmenting solid oxide fuel cell generators.

Company Information

Company

Upstart Power

Location

153 NORTHBORO ROAD

Southborough, Massachusetts, United States

About

Upstart Power designs and produces market disruptive solid oxide fuel cell (SOFC) generators that are dependable, sustainable, carbon efficient, and virtually silent for Residential and Industrial applications. The Upgen™ Power system from Upstart Power works collaboratively with intermittent renewable sources like solar and battery storage and will ‘cycle on’ when other sources are unavailable, providing 24-7-365, long-duration backup power generation. Upstart Power is a privately held company.

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