The SWAN Impact Network is pleased to announce follow-on investments in clean-energy companies Yotta Energy and Clear Flame Engine Technologies.
As a world-wide energy shortage is poised to hit the U.S. this winter, Yotta Energy has raised $13 million to scale its unique, modular energy storage and microgrid technology, specifically designed to transform buildings into self-generating power plants. Led by WIND Ventures, the Series A round also includes follow-on investors Doral Energy-Tech Ventures, Riverstone Ventures, and returning investors, EDP Ventures, and SWAN Impact Network. Overall, the funding will allow Yotta Energy to expand product deployments in the U.S. and Latin America, increase company employment, open up energy generation revenue for commercial flat-roof buildings, and help North and South America meet decarbonization goals. The round brings the company’s total funding to $20 million.
SWAN previously invested in Yotta Solar in 2019.
ClearFlame Engine Technologies, a startup dedicated to the development of net-zero engine technology, announced today that it has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere, Clean Energy Venture and the SWAN Impact Network.