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An energy-storage startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
Investors, Entrepreneurs, Corporate Leads & Accelerators
#SOTYSummit19 is for YOU
Oct. 14 -16 | Memphis, TN
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Nikola Power
Nikola Power provides a platform of energy storage services to solar developers to help them navigate the emerging solar plus storage market.
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Nikola Power is a clean energy company that has built a technology platform for the emerging energy storage market. They enable solar developers to bring storage to customers through their three core offerings: project analysis software for the technical and financial parameters of an energy storage project, access to project finance to enable the delivery of solar plus storage projects, and an intelligent energy management software that utilizes advanced control theories and machine learning to maximize customer savings from the energy storage system.
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What's Innovative About Their Solution?
Nikola Power is the only comprehensive platform of storage services catered towards the commercial and industrial developer. Other developer facing companies in the market solely provide sizing and financing tools and thus force the developer to find an EMS software that can integrate with their analysis software and find a project financer comfortable with their EMS.
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⚙️ Product Stage
Beta—Private
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🏭 Industries
Energy Tech, Clean Tech / Environment, Artificial Intelligence
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
>$1.5MM
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🙌 Founder Demographics
Minority founder
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Big Wins
- Secured a $300 million dedicated project capital fund
- Won the 2018 and 2019 Colorado Office of Economic Development Advanced Industries Grant
- Won 3 pilot projects with expected revenue in Q4 of 2019
- 1 of 7 winners of the 2019 LG Chem Battery Challenge
- Launched our EMS Product in 2 test sites at Arizona State University and at SolarTAC in Aurora, CO
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Contact the Founder:
Evan Hung
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. Thank you to American Airlines and Silicon Valley Bank for your sponsorship! |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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