EQORE, a distributed battery storage company, has raised $1.7 million in an oversubscribed seed funding round.
The round saw participation from Massachusetts Clean Energy Center (MassCEC), Henry Ford III of Ford Motor Company, and Jonathan Kraft of The Kraft Group. It also included investors such as industry operators Andrew Slifka, Mitch Coddington, and the Betti family, led by Nicholas Betti. Veteran entrepreneur Luke Merrow and tech executives Kent Helfrich and Kristin Welch, via Pointe Angels.
“What excites us the most about EQORE’s technology is the dual impact: grid support and customer savings,” said Susan Stewart, Head of Investments at MassCEC. “Commercial and industrial buildings are prime hosts for battery storage, yet they’ve been vastly overlooked.”
The funding is intended to help the company expand its team and accelerate deployments at its manufacturing facilities.
Beyond installing battery storage, EQORE operates it by shifting when power is used in response to market conditions and utility incentives; its autonomous software is stated to reshape facility load profiles in real time.
EQORE investor Randolph Mann pointed to the company’s differentiation: “By uniting advanced controls with high‑resolution metering and true end-to-end service, EQORE finally makes commercial behind-the-meter storage effortless and financially compelling for businesses.”
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, VC funding in the sector totaled $2.8 billion across 56 deals, a 4% YoY increase from $2.7 billion across 61 deals in 9M 2024.
In June, Hybrid Energy Storage Solutions, an energy storage solutions provider, secured €12 million (~$13.6 million) in a funding round. The funding round saw participation from ABB, SC Net Zero Ventures, and VERBUND X Ventures, a venture capital unit of Austria’s energy supplier VERBUND.
