Batteries

Enterprise

Solar Installations Decrease for Tesla, but Battery Enterprise Thrives

Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Ava Patel
January 24, 2024

Apps, Enterprise

“Unleashing the Power of Portable Batteries: Germany’s Instagrid Secures $95M in Funding with Innovative Software Technology”

A startup called Instagrid is using software to scale that mountain when it comes to enterprise-grade portable chargers. But power conversion has not kept up,” said Andreas Sedlmayr, the co-founder and co-CEO, in an interview. The funding is being led by Teachers’ Venture Growth (TVG) — the later-stage investing arm of the Ontario Teachers’ Pension Plan. (It also happens to suggest a different alternative to what Instagrid has built: solarized systems, which represents another alternative that exists today and Instagrid could also potentially adopt.) Existing portable battery packs target consumer users and lack the peak power performance for professional application.

Dylan Williams
January 23, 2024

Uncategorized

Land Moto revs up its electric motorcycle battery game with $3M investment

Cleveland-based electric motorcycle startup Land Moto is looking to diversify by powering up the battery design side of its tech, and has raised $3 million (on top of $7 million raised last summer) to do so in 2024. But like many electric vehicle manufacturers, Land is finding that there is a lot of potential in having a giant battery present at someone’s home beyond simply transportation. Just as some carmakers have flirted with the idea of having your electric car act as a home battery, why shouldn’t your electric bike do the same, to a lesser extent? “Being able to make electric batteries in-house is a pivotal moment for the team. As with other electric ecosystems, the new battery is designed to slot into the bike’s slot with minimal modification.