| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $400m Valuation: $495m 31.0x EV/Revenue -27.4x EV/EBITDA | SPAC IPO | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 369 % |
| EBITDA | 0000 | 0000 |
| % EBITDA margin | (389 %) | (113 %) |
| Profit | 0000 | 0000 |
| % profit margin | (1050 %) | (328 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
| R&D % of revenue | 76 % | 21 % |
Source: Company filings or news article
Electriq Power is a company specializing in smart home battery backup and solar battery storage solutions. Their flagship product, the Electriq PowerPod, is an integrated energy storage, management, and monitoring system. This system includes lithium-ion batteries and a hybrid solar battery inverter, all controlled by intelligent software. The PowerPod is designed to optimize energy efficiency and reduce utility costs by up to 25% when paired with solar panels.
Electriq Power primarily serves residential homeowners and light commercial clients who are looking to reduce their energy costs and increase their energy independence. The company operates in the renewable energy market, specifically focusing on solar energy storage solutions. Their business model revolves around selling and installing the PowerPod systems, which are scalable to meet various energy needs. They also offer an app that allows users to monitor and manage their energy usage in real-time, further enhancing the system's efficiency.
The company makes money through the direct sale of their PowerPod systems and related installation services. Additionally, they may generate revenue from software services that provide ongoing energy management and optimization.
In summary, Electriq Power offers a comprehensive solution for energy storage and management, helping clients save on utility costs while promoting renewable energy use.
Keywords: Smart Home, Battery Backup, Solar Storage, Energy Efficiency, Lithium-Ion, Hybrid Inverter, Renewable Energy, Cost Savings, Energy Management, Residential.
Tech stack
Investments by ElectrIQ Power
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