Tech Company Financing Transactions
Upstart Power Funding Round
On 11/17/2022, Upstart Power raised $17 million in Series C financing from Itochu Corporation, Cricetus Felix Ventures and Enphase Energy.
Transaction Overview
Company Name
Announced On
11/17/2022
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series C
Investors
Proceeds Purpose
The new funds will be used to accelerate the ongoing global commercialization of Upstart's innovative Upgen� platform of next-generation on-demand backup and grid-augmenting solid oxide fuel cell generators.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
153 Northboro Road
Southboro, MA 01772
USA
Southboro, MA 01772
USA
Phone
Undisclosed
Website
Email Address
Overview
Upstart Power provides small, Solid Oxide Fuel Cell generators that are cost effective, dependable, carbon efficient, virtually silent, and convert propane or natural gas into electricity. Upstart's products are specifically designed for cycling and to operate only as needed, allowing them to pair seamlessly with solar and storage to provide extended backup power and 24/7/365 energy solutions for residential or industrial applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Osenar
Chief Technical Officer
Nathan Palumbo
VP - Finance
David Aubrey
VP - Sales
Ed Lieberman
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