On June 4, the decentralized energy network Starpower completed a $2 million Pre-Seed round of financing. Investors include Alliance, Arweave, IoTeX, Bas1s Ventures, etc. Angel investors include Max Jungreis, head of digital asset investment at Plug and Play, Shen Bo, founder of Fenbushi Capital, and Sal Gala, founder of Escape Velocity.
It is reported that Starpower uses the DePIN model to link energy and power equipment including air conditioners, batteries, electric vehicles, etc. to establish a dispatchable energy management network to improve power efficiency and reduce grid fluctuations, accelerating global energy transformation. Starpower currently has 50,000 APP and hardware users, and aims to connect more than one million power devices within three years, and is committed to becoming one of the world's largest distributed energy aggregators.
