CA-based Haven Energy secures $7million in series A round funding. Leading the round was Giant Ventures, with new investors Comcast Ventures, LifeX, TO VC, and Habitat Partners joining Lerer Hippeau and Raven One Ventures.
With the money, the company hopes to expand into new areas and introduce a software platform that will enable large-scale sales of home battery storage, creating new opportunities for profit for its solar and home energy partners.
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Home energy storage is becoming more and more popular thanks to Haven Energy, a climate tech startup headed by Philip Krim, Jeff Chapin, and founder and CEO Vinnie Campo. It matches homeowners with electricians to handle the installation and walks them through the process of choosing, bidding, and financing a house battery system.
After installation, the business helps homes link their batteries into a collective virtual power plant, which lowers electricity bills and allows users to profit from using grid services.
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Vinnie Campo said: “Home battery systems are one of the best investments a homeowner can make – lowering monthly electric bills, putting an end to power outages, and paving the way to energy independence.”
About Haven
Haven Energy is committed to using a two-sided marketplace model to accelerate the adoption of residential energy storage. They think that a major component of their energy future will be widely dispersed storage, which will aid in electric grid stabilization.
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