Energy storage startup raises nearly $30 million in funding to give new life to old Tesla batteries: 'Critical factor for the success of the future energy system' [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
The company, founded in 2021, uses recycled Tesla batteries and new batteries to build smart electricity storage units, which allows customers to charge the units when energy prices are lower and sell electricity back to the grid during peak hours, per Business Insider Africa Cactos plans to use the latest cash injection provided by lead investors OP Finland Infrastructure LP and the Finnish Climate Fund to expand production to over 1,000 storage systems, as The Next Web reported As of December 2023, Cactos had installed 49 units but noted "there's a strong order book" as the world rapidly transitions to cleaner energy, according to the company's pitch deck on Business Insider The startup leases the finished battery storage systems to customers, who pay monthly over ten years. Once installed, they can power businesses and homes, charge numerous electric vehicles, or provide backup power in the case of an outage, per the news outlet. "A typical use case would be to charge the
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TSLA
News
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- Martello Re Seeks at Least $800 Million of New Equity [Yahoo! Finance]Yahoo! Finance
- Copper Firm Drops China Financing Deal After Canadian Scrutiny [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/21/24 - Form DEFA14A
- 5/21/24 - Form PX14A6G
- 5/21/24 - Form PX14A6G
- TSLA's page on the SEC website