Tech Company Financing Transactions
Qnetic Funding Round
On 3/4/2026, Qnetic raised $5 million in investment from private investors.
Transaction Overview
Company Name
Announced On
3/4/2026
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The capital will be used to: Fit out Qnetic's California manufacturing center for low-volume production of the Q500; Support multiple utility and commercial pilot projects in the U.S. and internationally; Expand field testing and validation work with partners, including EPRI and the National Lab of the Rockies, over the next 18 to 24 months.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
707 Broad Street
Newark, NJ 07102
USA
Newark, NJ 07102
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Qnetic is a U.S.-based renewable energy startup developing long-duration flywheel energy storage systems (FESS). The company's mission is to enable a global transition to wind and solar by providing a low-cost, mechanical alternative to traditional lithium-ion batteries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Pratt
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