Haven Energy, a provider of solar and battery system solutions, has raised $40 million in new funding. The funding consisted of an equity round led by Giant Ventures and a debt facility provided by Turtle Hill, with additional equity participation from California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures, and Lerer Hippeau.
This funding is expected to help accelerate Haven’s partnerships with utility companies and community choice aggregators, expand its leasing model and channel partner program for local installers, and support the ongoing development of virtual power plant (VPP) networks.
The channel partner program enables trusted local installers to offer Haven’s solar and battery systems directly to homeowners, integrate the installations into the company’s VPP, and help manage financing, operations, and performance.
“We’re in the middle of a generational rebuild of America’s power system, and it’s moving faster than anyone expected,” said Vinnie Campo, Co-Founder and CEO of Haven Energy. “Solar and home batteries have redefined power, delivering cleaner, cheaper, and more resilient energy than anything else on the market. Haven is scaling that transformation from the ground up by turning every home into the foundation of a smarter grid. Through partnerships with utilities and local installers, we’re expanding faster than traditional infrastructure ever could. The future of power isn’t years away. We’re building it now.”
In 2024, the company raised $7 million in Series A funding. The round includes returning investors Lerer Hippeau, Giant Ventures, Raven One Ventures, Comcast Ventures, LifeX, TO VC, and Habitat Partners.
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 April, Base Power, a distributed energy storage solutions provider, secured $200 million in a Series B funding round. Addition, a16z, Lightspeed, and Valor led the funding round, which was supported by existing investors Thrive, Altimeter, Trust Ventures, and Terrain.
