As Relectrify moves to scale its operations and to help accelerate the adoption of its technology by manufacturers of battery energy storage systems in residential, commercial & industrial, and grid applications in global markets, it has just closed a round of growth funding led by San Francisco Bay Area-based Toyota Ventures
, the technology investment arm of global automotive and manufacturing company Toyota. US and Asia-based deep tech venture firm Creative Ventures also joins Relectrify as a new investor. Relectrify’s existing shareholders — which include Australia’s Clean Energy Finance Corporation, Energy Innovation Capital, and the venture arms of South Korean industrial company GS and European power company EDP — further increased their investment in Relectrify’s technology.
Toyota Ventures is Toyota’s first standalone early-stage venture capital firm. Through the Toyota Ventures Climate Fund, the firm invests in early stage cleantech disruptors like Relectrify. Toyota Ventures also invests in artificial intelligence, autonomy, mobility, robotics, cloud technology, smart cities, digital health, fintech, and materials via the Toyota Ventures Frontier Fund.
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