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Lunar Energy Lights Up With $300M For Smart-Home Tech

Illustration of a Smart House.

Investors’ appetite for clean energy tech seems to be insatiable right now.

Mountain View, California-based became the latest startup in the sector to raise a large amount of funding, announcing it has closed $300 million of investment over two rounds in the past two years as it quietly worked in stealth.

Lunar Energy is attempting to build the full ecosystem of hardware and software needed to make homes completely energy independent鈥攃reating, storing and using the power they themselves generate.

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The company is led by former executive Kunal Girotra and in two years has built a team of聽 nearly 250 employees.

“The first offering of our product ecosystem is a next-generation home battery system,鈥 Girotra said in a . 鈥淚t’s the first step towards our mission to electrify all homes and connect communities to form clean, resilient virtual power plants鈥攆reeing us from power outages, rising energy costs and harmful emissions.”

Investors in the two rounds include San Francisco-based solar company and South Korea’s .

Along with announcing the new funding, Lunar also said it has acquired U.K.-based distributed energy management software startup . Terms of the deal were not disclosed.

Big Money

Lunar鈥檚 raise is just the latest large investment made in the clean-tech sector. Just in the current third quarter of this year, other huge funding announcements in clean tech include:

  • Swedish electric-vehicle battery manufacturer raised $1.1 billion in a convertible note in July.
  • -founded nuclear power firm secured an equity raise that yielded a 鈥渕inimum of $750 million鈥 just last week.
  • In July, Foothill Ranch, California-based nuclear fusion energy startup raised a $250 million round that induced cash from the likes of and .

Illustration: Dom Guzman

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