Decentralized energy network Starpower completes $2 million Pre-Seed round of financing, Bas1s Ventures and others participate
2024-06-11 08:03:42
Starpower, a decentralized energy network, announced the completion of a $2 million Pre-Seed round of financing. Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors including Max Jungreis, head of digital asset investment at Plug and Play, Shen Bo, founder of distributed capital, and Sal Gala, founder of Escape Velocity, participated in the investment. It is reported that Starpower uses the DePIN model to connect energy and electricity devices such as air conditioners, batteries, and electric vehicles to establish a adjustable energy management network, improve electricity efficiency, reduce grid volatility, and accelerate the global energy transition.
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