# UNIGRID

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

- Industry: Energy Storage & Batteries
- Headquarters: San Diego, US
- Website: www.unigridbattery.com/
- Total disclosed funding: $12M
- Latest round: Series A (Jun 10, 2024)
- Investors on record: 4

## About

Established in 2021 and based in California, US, UNIGRID Inc. is a clean tech company that offers energy storage solutions and helps transition to clean energy by developing sustainable sodium-ion batteries. In June 2024, UNIGRID Inc. raised USD 12 million in Series A funding co-led by investors Transition Venture Capital and Ritz Venture Capital, with participation from another investor Union Square Ventures. As of 2024, the company is being led by its CEO, Darren Tan, and CTO, Erik Wu. 

The firm offers a technology that employs sodium chemistries free of rare elements, featuring a dense alloy anode and a non-flammable electrolyte. These batteries offer high volumetric energy density, low self-discharge, and long cycle life, making them suitable for various applications such as residential, commercial, urban, and grid storage, as well as e-mobility and industrial use.

The company intends to use the June 2024 funding to improve the company's production capacity.

## Funding rounds

- Series A, Jun 10, 2024, $12M — Union Square Ventures, Foothill Ventures, Ritz Venture Capital, Transition Venture Capital

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Series A
- Ritz Venture Capital — Series A
- Transition Venture Capital (https://capitalatlas.ai/funds/transition-venture-capital) — Series A