# Gridtential Energy

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

- Industry: Energy Storage & Batteries
- Headquarters: Santa Clara, US
- Website: www.gridtential.com
- Total disclosed funding: $6.1M
- Latest round: Series B (Sep 8, 2017)
- Investors on record: 6

## About

Gridtential Energy, Inc., based in the US, specializes in advanced energy storage solutions, leveraging its proprietary Silicon Joule technology to enhance lead battery performance for diverse applications.Gridtential Energy, Inc. was founded in 2011 and is headquartered in Santa Clara, US. The company focuses on energy storage solutions through its innovative battery technology. The founding team includes Michele Klein and Peter Borden, with John Barton serving as CEO. The company has successfully raised USD 12.00 mn in funding through five deals, with the latest round occurring on April 27, 2021, led by 1955 Capital, alongside other notable investors such as Crown Battery Corporation, East Penn Manufacturing Company, Inc., and Silicon Valley Bank.Gridtential Energy, Inc. specializes in advanced energy storage solutions, primarily through its proprietary Silicon Joule technology, which revitalizes traditional lead batteries to create a high-performance, safe, and cost-effective energy source. This innovation enables lead batteries to achieve higher power density, significant cycle longevity, and enhanced charge acceptance, making them suitable for various applications. Key markets for Gridtential’s products include residential energy storage systems, mobility aids like wheelchairs, and electric vehicles such as e-bikes, scooters, and golf carts. The company’s products are designed to meet the growing demand for renewable energy storage across North America, Europe, and Asia, targeting end-users who require reliable and efficient energy solutions without the fire risks associated with lithium batteries.Gridtential Energy operates on a B2B model, partnering with manufacturers and distributors to provide their Silicon Joule batteries for integration into various applications. Revenue is generated through direct sales to businesses in sectors such as automotive, recreational vehicles, and energy storage systems for residential and commercial use. The company’s flagship product, the Silicon Joule battery, is marketed as a solution that combines the affordability of lead with performance characteristics similar to lithium-ion batteries, appealing to a diverse client base seeking safer and more sustainable energy options. Transactions typically involve negotiated pricing agreements with partners who incorporate Gridtential’s technology into their products, reflecting a collaborative approach to market penetration and revenue generation.In April 2021, Gridtential Energy, Inc. raised USD 12.00 mn in venture funding led by 1955 Capital, which will be utilized to support ongoing product development. The company is focused on designing new products aimed at expanding its offerings within the advanced energy storage sector. Plans for market expansion include targeting additional geographic regions across North America and Europe by the end of 2023, aiming to strengthen its presence and accessibility in these markets.

## Funding rounds

- Series B, Sep 8, 2017, $5M — The Roda Group, 1955 Capital, East Penn Manufacturing Company, Inc., Crown Battery Corporation, Leoch International Technology Limited, Power-Sonic Corporation
- Seed, Feb 15, 2013, $1.1M — The Roda Group

## Investors

- The Roda Group (https://capitalatlas.ai/funds/the-roda-group) — Seed, Series B
- 1955 Capital (https://capitalatlas.ai/funds/1955-capital) — Series B
- East Penn Manufacturing Company, Inc. — Series B
- Crown Battery Corporation — Series B
- Leoch International Technology Limited — Series B
- Power-Sonic Corporation — Series B