Lunar Energy

Modular energy storage solutions for homeowners

Mountain View, California, United States

About Lunar Energy

Lunar Energy provides energy storage solutions specifically designed for residential clients. Their main product, the Lunar System, is a modular energy storage unit that can be expanded as energy needs increase, allowing homeowners to store energy generated from solar panels for use during peak hours or power outages. This system ensures a continuous power supply and helps users save on energy bills. Unlike many competitors, Lunar Energy focuses on a user-friendly experience, offering an app that provides detailed reports on energy usage and storage, enabling effective energy management. The company's goal is to promote sustainability and energy independence for homeowners, making it easier for them to optimize their energy usage and reduce reliance on traditional power grids.

Mountain View, CaliforniaHeadquarters
2020Year Founded
$291.8MTotal Funding
EARLY_VCCompany Stage
Energy, Consumer GoodsIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Paid Parental Leave
Phone/Internet Stipend
Wellness Program

Risks

Competition from Tesla could limit Lunar Energy's market share.
Dependence on Sunrun for distribution poses a risk if partnerships dissolve.
Reliance on SK for manufacturing may expose Lunar Energy to geopolitical risks.

Differentiation

Lunar Energy offers a modular energy storage system for residential clients.
The Lunar System integrates seamlessly with solar panels for energy independence.
Lunar Energy's app provides detailed energy usage reports for effective management.

Upsides

Increased interest in virtual power plants enhances Lunar Energy's market opportunities.
Collaboration with SK Group could reduce production costs and improve efficiency.
Acquisition of GridShare software positions Lunar Energy as a leader in smart energy management.

Funding

Total raised$291.82 M
Latest valuation$1.50 B
StageEARLY_VC
$300
$1.50 B