# Alsym Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alsym-energy

- Industry: Energy Storage & Batteries
- Headquarters: Woburn, US
- Website: www.alsym.com
- Total disclosed funding: $63M
- Latest round: Series C (Feb 7, 2024)
- Investors on record: 5

## About

Founded in 2015 and based in Massachusetts, US, Alsym Energy Inc. provides a renewable energy platform that develops a rechargeable energy storage technology. In February 2024, the firm raised USD 63.35 million in Series C funding co-led by investors General Catalyst Partners and Tata Sons Private Limited, with participation from returning investor DRADS Capital. Investors Thomvest Ventures, Thrive Capital, and other investors also participated in the round. The round was part of a larger USD 78.35 million Series C funding.

The company offers rechargeable energy storage technology for utility grids, home storage, microgrids, industrial applications, and more. These batteries are non-flammable non-lithium energy storage suitable for marine vessels, two and three-wheelers, and passengers EVs. The firm batteries provide wide-duration storage from 4 to 110 hours.

The company plans to use the February 2024 funding to strengthen its manufacturing capabilities to meet the increasing demand for customer samples.

## Funding rounds

- Series C, Feb 7, 2024, $63M — General Catalyst Partners, Thomvest Ventures, Thrive Capital, Tata Sons Private Limited, DRADS Capital

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series C
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series C
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series C
- Tata Sons Private Limited — Series C
- DRADS Capital — Series C