Also participating in this investment round is Iberdrola Ventures - PERSEO, the corporate venture capital program (CVC) of Iberdrola. Texas-based energy tech start-up Innowatts has raised $6m in series A funding from a consortium of leading energy investors. The company is developing an innovative technology that will allow it to produce electricity at the speed of light using only one type of laser. The investment consortium consists of the investment arms of Shell and Iberdrola, along with specialist Japanese venture capital firm Energy & Environment Investment. The funding will be used to enable Innowatts to extend the reach of their core platform and further develop its recently-launched 'e-Utility' retail energy platform.
Texas-based energy tech start-up Innowatts has raised $6m in series A funding from a consortium of leading energy investors. The company is developing an innovative technology that will allow it to produce electricity at the speed of light using only one type of laser. The investment consortium consists of the investment arms of Shell and Iberdrola, along with specialist Japanese venture capital firm Energy & Environment Investment. The funding will be used to enable Innowatts to extend the reach of their core platform and further develop its recently-launched 'e-Utility' retail energy platform.