Voltus, Inc.: Voltus Raises $31 Million to Unleash the Full Potential of Distributed Energy Resources
SAN FRANCISCO, CA / ACCESSWIRE / May 13, 2021 / Voltus, Inc. today announces the closing of a $31 million Series C financing. The round was led by Activate Capital and included existing investors NGP Energy Technology Partners III, Prelude Ventures, and Ajax Strategies, bringing Voltus's total equity financing to date to over $65 million.
Raj Atluru, Co-founder and Managing Director at Activate Capital joins Voltus's Board of Directors alongside fellow investors Philip Deutch, Veery Maxwell, and Tim Woodward. "The serviceable addressable market for DERs is extraordinary, amounting to hundreds of thousands of megawatts of potential opportunity," says Atluru. "Voltus has built a predictable, proven, and systematic growth model anchored by a superior technology platform and an extraordinary team of experts in energy markets. We're thrilled to partner with Voltus as they help modernize and democratize our electric grid."