Distributed power specialist Scalvy has raised $13.9 million in an oversubscribed Series A funding round. This funding round brings Scalvy’s total capital raised to $17 million.
The company will use the new funds to accelerate certification, field testing and deployment of its Power Neuron power delivery platform, and to support the rapid expansion of its team to meet rising demand.
Scalvy’s Power Neuron power delivery platform distributes power conversion and control across compact, software-coordinated modules with built-in energy storage. It’s designed to be deployed directly at energy load points, enabling systems to scale to megawatt-level power with greater efficiency, smaller size, higher reliability and grid interactivity.
Mohamed Badawy, co-founder and CEO of Scalvy, says the electric mobility industry currently faces a dilemma. “If you want higher power, you are forced to sacrifice space, increase costs, and lose usable capacity. Scalvy is the only company enabling systems to scale to massive power levels without those traditional penalties, and crucially, without requiring customers to drastically re-architect their systems.”
Initially, Scalvy is focusing on three rapidly evolving markets: data centers, energy storage and electric mobility.
Scalvy has completed technical validation of its technology under real-world operating conditions with “several blue-chip customers across mobility and energy infrastructure.” The company is now expanding its engineering, product and operations teams in preparation for product certification and near-term field deployments.
Source: Scalvy
