Powerhive Secures $20,000,000 Series A Round

  • Feed Type
  • Date
    1/26/2016
  • Company Name
    Powerhive
  • Mailing Address
    816 Bancroft Way Berkeley, CA 94710 USA
  • Company Description
    Powerhive is a technology venture founded in 2011 that partners with utilities and independent power producers to provide access to productive, affordable, and reliable microgrid electricity for millions of rural homes and businesses around the globe.
  • Website
    http://www.powerhive.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds will support Powerhive’s expansion into new markets in Africa and the Asia-­Pacific, as well as continued growth in Kenya where the company has operated rural microgrids since 2012.
  • M&A Terms
  • Venture Investor
    Prelude Ventures
  • Venture Investor
    Caterpillar
  • Venture Investor
    Total Energy Ventures
  • Venture Investor
    Tao Capital Partners
  • Venture Investor
    PI Holdings

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