From Dealroom · · 50s
Blue Whale Energy Raises $4M for Singapore Grid Batteries
Singapore battery startup Blue Whale Energy secured $4M seed funding to expand grid storage capacity.
In brief
Singapore battery startup Blue Whale Energy secured $4M seed funding to expand grid storage capacity. Blue Whale Energy raised $4 million in seed funding to build Singapore's grid batteries, aiming to become the country's leading battery developer by year-end. Originally reported by Dealroom.
Funding Round
Blue Whale Energy, a Singapore-based battery storage developer, raised $4 million in seed funding with new backers Wavemaker Partners, SG Growth Capital, and ADB Ventures.
Grid Expansion Plan
The company aims to build a network of batteries across Singapore to free up electricity grid capacity, increasing storage 10x within six to eight weeks.
Market Position
Blue Whale claims to become Singapore's leading behind-the-meter battery energy storage developer by year-end, though this claim could not be independently verified.
The takeaway
Blue Whale Energy raised $4 million in seed funding to build Singapore's grid batteries, aiming to become the country's leading battery developer by year-end.
