David Energy, a gridtech company aiming to revolutionize the retail energy market with clean energy, has raised $23 million in funding led by Cathay Innovation. The funds will help David Energy expand its commercial and residential services across the Northeast and Texas. Since its inception in 2019, the company has introduced solutions for both residential and commercial electricity needs, focusing on a decentralized network of batteries, solar panels, electric vehicles, and smart thermostats. This new funding builds on their previous successes, enabling further growth and supporting its mission to decarbonize the energy sector. The focus remains on creating a more resilient and cost-effective grid powered by renewables, addressing a critical global challenge exacerbated by an aging infrastructure and rising demand.
Energy, Technology, Financial Services,United States
https://www.cathaycapital.com/david-energy-raises-23-million-to-run-the-grid-24-7-365-on-clean-energy/