Tech Company Financing Transactions
FranklinWH Funding Round
FranklinWH, based in San Jose, secured $25 million in investment from Particle Future.
Transaction Overview
Company Name
Announced On
8/24/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Particle Future (Lead Investor)
Proceeds Purpose
The funding will support FranklinWH's mission to create a seamless living experience by integrating diverse energy sources with home battery technology. FranklinWH envisions a world where energy independence is within everyone's reach, regardless of geographical or socio-economic status. Funding will allow the company to focus on solving the challenge of energy storage and management, which has been a limiting factor in the broader adoption of renewable energy. FranklinWH plans to allocate the invested funds to expand its R&D capabilities, optimize supply chain and scale up its company operations and sales network.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
1731 Technology Dr. 530
San Jose, CA 95110
USA
San Jose, CA 95110
USA
Phone
Website
Email Address
Overview
FranklinWH Energy Storage Inc. is a start-up company invested by Sequoia Capital, founded by a group of experts in power electronics, BMS, and EMS. We aim to be the leader in the Residential ESS industry. FranklinWH has 20+ storage patents pending, and 150+ Team patents in UPS, storage, BMS & related.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Wang
Chief Operating Officer
Ke Bi
Co-Founder
Cheung Lam
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