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Tyba, a company that provides an optimization platform for energy storage projects, <a href="https://cms.mercomindia.com/energy-storage-solutions-provider-tyba-raises-13-9-million/" target="_blank" rel="noopener">secured</a> $13.9 million in Series A funding, bringing its total funding raised to $18.15 million. Energize Capital led the funding round. With this funding, the company intends to expand its AI-enabled energy forecasting, trading, and optimization solution, assisting energy producers in maximizing revenue, supporting grid reliability, and expanding their portfolios.
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, <a href="https://cms.mercomindia.com/tpg-to-acquire-solar-project-developer-altus-power/" target="_blank" rel="noopener">announced</a> it has entered into a definitive agreement to be acquired by TPG, a global alternative asset management firm, through its TPG Rise Climate transition infrastructure strategy for $5 per share of its Class A common stock. The all-cash transaction values the company at approximately $2.2 billion, including its outstanding debt. Altus Power expects this partnership to help expand its operations.
ACT-ion Battery Technologies, a cathode active materials (CAM) manufacturer for lithium-ion batteries, has <a href="https://cms.mercomindia.com/act-ion-battery-technologies-raises-7-5-million/" target="_blank" rel="noopener">secured</a> $7.5 million in a Pre-Series A funding round. This funding round was led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. The company is expected to use this funding to accelerate its CAM production technology, with a goal of establishing an operational pilot facility by 2025, with validations from industry partners.
Epyr, a thermal energy storage (TES), has <a href="https://cms.mercomindia.com/thermal-energy-storage-startup-epyr-million/" target="_blank" rel="noopener">raised</a> €3 million (~$3.1 million) in an oversubscribed pre-seed funding round. This funding round was co-led by AENU and Daphni. OVNI Capital, WEPA Ventures, and several other European angel investors joined in the round. Epyr plans to use the funding to standardize its TES technology, which includes hardware heat batteries and AI-driven heat optimization software.
Presto, a provider of EV charging solutions, <a href="https://www.prnewswire.com/news-releases/all-in-one-ev-charging-platform-presto-raises-15m-in-seed-funding-partners-with-uber-avis-hertz-and-zipcar-302369428.html" target="_blank" rel="noopener">raised</a> $15 million in Seed funding. Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream provided the funding. The company intends to use the funds to onboard new fleets, integrate more chargers, and add new features.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-sunrun-prices-629-million-in-senior-securitization/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Energy Storage Company Tyba Raises $13.9 Million

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-storage-storage-company-tyba-raises-13-9-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Tyba, a company that provides an optimization platform for energy storage projects, <a href="https://mercomcapital.com/energy-storage-solutions-provider-tyba-raises-13-9-million/" target="_blank" rel="noopener">secured</a> $13.9 million in Series A funding, bringing its total funding raised to $18.15 million. Energize Capital led the funding round. With this funding, the company intends to expand its AI-enabled energy forecasting, trading, and optimization solution, assisting energy producers in maximizing revenue, supporting grid reliability, and expanding their portfolios.
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, <a href="https://mercomcapital.com/tpg-to-acquire-solar-project-developer-altus-power/" target="_blank" rel="noopener">announced</a> it has entered into a definitive agreement to be acquired by TPG, a global alternative asset management firm, through its TPG Rise Climate transition infrastructure strategy for $5 per share of its Class A common stock. The all-cash transaction values the company at approximately $2.2 billion, including its outstanding debt. Altus Power expects this partnership to help expand its operations.
ACT-ion Battery Technologies, a cathode active materials manufacturer for lithium-ion batteries, has <a href="https://mercomcapital.com/act-ion-battery-technologies-raises-7-5-million/" target="_blank" rel="noopener">secured</a> $7.5 million in a Pre-Series A funding round. This funding round was led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. The company is expected to use this funding to accelerate its CAM production technology, with a goal of establishing an operational pilot facility by 2025.
Epyr, a thermal energy storage (TES), has <a href="https://mercomcapital.com/thermal-energy-storage-startup-epyr-million/" target="_blank" rel="noopener">raised</a> €3 million (~$3.1 million) in an oversubscribed pre-seed funding round. This funding round was co-led by AENU and Daphni. OVNI Capital, WEPA Ventures, and several other European angel investors joined in the round. Epyr plans to use the funding to standardize its TES technology, which includes hardware heat batteries and AI-driven heat optimization software.
Presto, a provider of EV charging solutions, <a href="https://www.prnewswire.com/news-releases/all-in-one-ev-charging-platform-presto-raises-15m-in-seed-funding-partners-with-uber-avis-hertz-and-zipcar-302369428.html" target="_blank" rel="noopener">raised</a> $15 million in Seed funding. Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream provided the funding. The company intends to use the funds to onboard new fleets, integrate more chargers, and add new features.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-sunrun-prices-629-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://www.tyba.ai/" target="_blank" rel="noopener">Tyba</a>, a company that provides an optimization platform for energy storage projects, secured $13.9 million in Series A funding, bringing its total funding raised to $18.15 million.
Energize Capital led the funding round, with new investments from Pear VC, Mobilize Climate Capital, and Borusan Ventures and follow-on investments from Powerhouse, Wireframe, Virta, and Lorimer.
With this funding, the company intends to expand its AI-enabled energy forecasting, trading, and optimization solution, assisting energy producers in maximizing revenue, supporting grid reliability, and expanding their portfolios.
“Large-scale energy storage is proving to be essential to the energy transition, especially as we respond to surging global energy demand and an increasingly complex power grid,” said Tyler Lancaster, partner at Energize Capital and a member of Tyba’s board of directors. “However, operational challenges continue to be one of the most significant barriers to scale for battery assets, in part due to the active, hands-on management these assets require.”
According to the company, its simulation and operations platform helps developers, owners, and operators use Tyba to inform and automate energy storage operations. Tyba states that it is collaborating with energy firms like TotalEnergies, supporting the operations of over 1 GWh of storage assets in Texas and California.
“For the companies building and operating battery storage facilities, figuring out how to maximize the value of their assets and maintain a competitive edge remains a constant challenge,” said Michael Baker, CEO &amp; Co-founder of Tyba.
According to Mercom’s Annual and Q4 2024 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2024-funding-ma-report-storage-grid/" target="_blank" rel="noopener">Report</a> for Energy Storage and Smart Grid, Venture Capital funding in the Energy Storage sector in 2024 decreased 60% YoY, with $3.7 billion in 84 deals compared to $9.2 billion in 86 deals in 2023.
In December, Zitara, a battery management software provider, <a href="https://cms.mercomindia.com/battery-management-software-company-zitara-secures-17-million/" target="_blank" rel="noopener">closed</a> $17 million in a Series AA funding round led by Salesforce Ventures, with participation from Emerson Ventures, Chevron Technology Ventures, Energy Impact Partners, and Climate Capital.

Energy Storage Solutions Provider Tyba Raises $13.9 Million

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