TechFlow News — According to exclusive information from TechFlow, decentralized energy network Starpower has completed a $2 million Pre-Seed funding round. Investors include Alliance, Arweave, IoTeX, and Bas1s Ventures. Angel investors include Max Jungreis, Head of Digital Assets Investment at Plug and Play; Shen Bo, founder of Fenbushi Capital; and Sal Gala, founder of Escape Velocity.
Starpower leverages the DePIN model to connect energy devices such as air conditioners, batteries, and electric vehicles, building a dispatchable energy management network that improves electricity efficiency, reduces grid fluctuations, and accelerates the global energy transition. Starpower currently has 50,000 app and hardware users and aims to connect over one million power devices within three years, striving to become one of the world's largest distributed energy aggregators.
