January 9, 2025
Starpower has secured $2.5 million in its latest funding round, pushing its total raised capital to $4 million. Framework Ventures led the round, with participation from Solana Ventures and Bitscale Capital. This funding will aid the company’s efforts to build a decentralized energy network aimed at improving energy reliability.
Starpower's platform connects energy storage systems and electric vehicles, creating a decentralized infrastructure designed to address issues of power stability and the fluctuating nature of renewable energy sources. The platform already boasts 1.5 million registered wallets and 16,000 active devices. With $1 million in revenue, the company is poised for growth and plans to use the new funds to expand its user base and improve its technology.
Starpower aims to address the rising energy demand driven by technologies like AI, all while alleviating pressure on traditional energy grids. The company envisions a future where decentralized systems are central to meeting the power needs of the digital economy.
About Starpower
Starpower is creating a decentralized energy network that connects electric vehicles and storage batteries to provide stable, scalable energy solutions. With millions of users and thousands of devices already in operation, Starpower is focused on expanding its reach and improving energy access worldwide.
Website: https://www.starpower.world/
X: @starpowerworld
About Investor
Framework Ventures
Framework Ventures is a venture capital firm focused on blockchain and decentralized finance. Since its founding in 2019, the firm has supported early-stage ventures that aim to transform traditional industries with decentralized systems.
Location: San Francisco, California
Website: https://www.framework.ventures/
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