Haven Energy, a climate tech company based in Los Angeles, USA, specializing in home battery systems, has announced a successful raise of $7 million in Series A funding.
The funding round was spearheaded by Giant Ventures, with notable contributions from Lerer Hippeau and Raven One Ventures. Additionally, new investors such as Comcast Ventures, LifeX, TO VC, and Habitat Partners have joined the initiative.
This infusion of capital is earmarked for expanding the company’s presence into new markets and the development of a proprietary software platform aimed at facilitating the sale of home battery storage solutions at scale. The platform is poised to create fresh revenue streams for solar and home energy partners.
Under the leadership of Vinnie Campo, Founder and CEO, along with Jeff Chapin and Philip Krim, Haven Energy is at the forefront of driving the adoption of home energy storage solutions. The company offers comprehensive guidance to homeowners throughout the process, from system selection and quoting to financing and installation by partnering with skilled electricians. Subsequently, Haven Energy collaborates with homeowners to integrate their batteries into an aggregated virtual power plant, enabling them to monetize their participation in grid services and reduce electricity costs.
Vinnie Campo commented on the recent development, stating, “Home battery systems represent a significant investment opportunity for homeowners, offering benefits such as reduced monthly electric bills, enhanced resilience against power outages, and a pathway to energy independence.”
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By Proptechbuzz
By Ravi Kumar
