Lunar Energy Secures $230 Million for Expansion in U.S. Home Battery Market
Lunar Energy, founded by Tesla's former energy chief Kunal Girotra, has raised over $230 million to expand its battery startup. This includes a $102 million Series D round and a $130 million Series C round. The company aims to increase its battery production capacity to 100,000 units annually by 2030. Lunar currently has around 2,000 installations in California and plans to enter markets such as Texas, Puerto Rico, and Hawaii.
Theia Market Signal Identification - AI Assisted
Lunar Energy has raised over $230 million to expand its operations in the U.S. home battery storage market. This funding includes a $102 million Series D round led by B Capital and Prelude Ventures, alongside a $130 million Series C round.
Founded by former Tesla energy chief Kunal Girotra, Lunar develops software to optimize home batteries. The company plans to expand into Texas, Puerto Rico, and Hawaii, and increase production capacity to 100,000 units per year by 2030.
The U.S. home energy storage market added nearly 4.9 gigawatt-hours in 2025, a 60% increase from the previous year. Tax credits for residential batteries will remain in place until 2027, contributing to future demand.
Comments