Zenergize Technologies raises $4m Pre-Series A in equity and venture debt
Giraffe Studios led the financing as Zenergize expands power-electronics manufacturing and engineering.
Capacity and product development across two instruments
Giraffe Studios led Zenergize’s $4 million pre-Series A, with industrial entrepreneurs and existing investors participating. The package combines equity and venture debt; an allocation between the instruments was not disclosed.
The capital will expand manufacturing, engineering, research and the sales and service network. Product development includes hybrid inverters and battery energy-storage systems, building on the company’s silicon-carbide solar inverters and EV chargers.
Use of funds
Expand manufacturing capacity
Strengthen engineering and R&D
Build sales and service network
Develop products including hybrid inverters and battery energy storage systems