# Planar Energy Devices

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

- Industry: Electronics
- Headquarters: Orlando, US
- Website: www.planarenergy.com
- Total disclosed funding: $4M
- Latest round: Series A (Oct 22, 2007)
- Investors on record: 2

## About

Planar Energy Devices develops innovative energy storage solutions, focusing on enhancing battery performance for a range of applications. The company aims to revolutionize the energy sector with its advanced technology.Founded in 2007 in Orlando, US, Planar Energy Devices specializes in energy storage solutions. The firm received USD 4.00 mn in Series A funding from Battelle Ventures and Innovation Valley Partners on October 22, 2007. No significant changes in business strategy have been reported since its inception.Planar Energy Devices specializes in providing advanced energy storage solutions designed to meet the demands of various industries. Its core offerings include innovative battery technologies that enhance efficiency and performance for clients ranging from small startups to large enterprises. The company's products are strategically positioned in key markets, including North America, Europe, and Asia-Pacific, where the need for effective energy storage solutions is growing.The revenue model of Planar Energy Devices is based on a subscription framework, primarily generated from contracts that offer clients access to its suite of energy storage products. Customers typically engage in annual agreements, ensuring ongoing support and product updates. The company also explores collaborations with distributors and vendors to broaden its market presence.Planar Energy Devices plans to leverage its recent USD 4.00 mn Series A funding to accelerate the development of new energy storage technologies. The company is focused on launching new product lines aimed at various sectors by the end of 2024, with a goal of expanding into additional markets in Asia and Europe. This strategic growth initiative aims to strengthen its market position and respond to the increasing global demand for innovative energy solutions.

## Funding rounds

- Series A, Oct 22, 2007, $4M — Innovation Valley Partners, Battelle Ventures

## Investors

- Innovation Valley Partners (https://capitalatlas.ai/funds/innovation-valley-partners) — Series A
- Battelle Ventures (https://capitalatlas.ai/funds/battelle-ventures) — Series A