# EnergyBank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/energybank

- Industry: Renewable Energy
- Headquarters: Auckland, New Zealand
- Website: www.energybank.nz
- Total disclosed funding: $1.9M
- Latest round: Seed (Jun 14, 2021)
- Investors on record: 5

## About

EnergyBank Limited is a specialist in advanced energy storage solutions aimed at facilitating the decarbonization of society through innovative battery systems for efficient and sustainable energy management.EnergyBank Limited focuses on providing energy storage solutions and was founded in 2020 in Auckland, New Zealand. The company, co-founded by Jordan Hooper and Tim Hawkey, has engaged in one funding round. In June 2021, EnergyBank raised NZD 2.7 million in a Seed round led by Icehouse Ventures, with participation from investors including Blackbird, Nuance Capital, Promus Ventures, and Version One Ventures. The total amount raised to date stands at NZD 2.7 million, with a current company valuation of NZD 11.647 million.EnergyBank specializes in advanced energy storage solutions designed to facilitate the decarbonization of society. Its core offerings include next-generation battery systems that provide reliable energy management for commercial and industrial applications, helping clients with load balancing, peak shaving, and renewable energy integration. EnergyBank targets a diverse client base, including utility companies, large-scale manufacturers, and renewable energy developers, with products marketed primarily in North America and Europe.EnergyBank generates revenue through direct sales of its energy storage systems and associated services, establishing B2B partnerships with utility companies and industrial clients. Revenue is further enhanced through long-term service agreements that ensure ongoing support and maintenance for the installed systems, reflecting the bespoke nature of its offerings.EnergyBank Limited plans to utilize the NZD 2.7 million raised in June 2021 to scale its products into markets such as Taiwan, Japan, and California. The funding will support the design and launch of upcoming new products aimed at enhancing their energy storage solutions, with the goal of expanding their market reach and responding to increasing global demand for clean energy solutions.

## Funding rounds

- Seed, Jun 14, 2021, $1.9M — Version One Ventures, Promus Ventures, Blackbird, Icehouse Ventures, Nuance Capital

## Investors

- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed
- Promus Ventures (https://capitalatlas.ai/funds/promus-ventures) — Seed
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed
- Nuance Capital — Seed