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Blip Energy

Chicago, IL

Blip is making energy equity accessible to accelerate the clean energy transition by building a new category of smart, affordable energy storage to add millions of homes to the smart grid network. A hybrid hardware/software solution for energy management that works in any home without barriers around permitting and installation. Power outages across the U.S. cost $150B annually. On Avg. 500K Americans lose power daily without backup solutions and 84% of Americans are concerned. Existing grid vulnerability is exacerbated by energy transition volatility. The U.S. power grid had the most outages in history in the past two years. Households need power security, and utilities need levers on the smart grid to balance loads and prevent blackouts. Blip envisions a future where every household has access to smart IoT energy storage to provide critical backup power. Blip solves the growing need for reliable energy with the lowest cost energy storage on the global battery market. Simultaneously, this adds millions of otherwise inaccessible customers to the smart grid. Blip's business model reflects current resilience needs, cost savings, and a data-driven future, by wrapping our hardware endpoint with data and grid services.

blipenergy.com

Company Details

Founded

2021

Employees

Between 5 - 10 employees

Raised

$3,945,000

Headquarters Location

Chicago, IL

Public

No

Acquired

No

CEO

Sophia WennstedtSophia Wennstedt

Founders

Thibaut Feremans
Thibaut Feremans
Dennis Kontorovich
Dennis Kontorovich
Sophia Wennstedt
Sophia Wennstedt
Chance Cobb
Chance Cobb

Company Collections

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Blip Energy Headquarters Location

Chicago, IL 60607

Total Amount Raised: $3,945,000

Blip Energy Funding Rounds

  • Seed

    $250,000

    Seed Investors

    Morgan Stanley Mortgage Securities Trust
  • Pre Seed

    $600,000

    Pre Seed Investors

    LongJump
    Grid Catalyst
  • Grant

    $100,000

    Grant Investors

    VentureCat
  • Debt Financing

    $450,000

    Debt Financing Investors

    Enduring Planet
  • Grant

    $1,100,000

    Grant Investors

    Department of Energy
  • Grant

    $50,000

    Grant Investors

    TechRise
  • Grant

    $20,000

    Grant Investors

    Village Capital
  • Convertible Note

    $150,000

    Convertible Note Investors

    Invenergy
    Southern Company
  • Angel

    $75,000

    Angel Investors

    mHUB
  • Angel

    $100,000

    Angel Investors

    gener8tor
  • Product Crowdfunding

    $100,000

    Product Crowdfunding Investors

    Kickstarter
  • Angel

    $850,000

    Angel Investors

    Ron Conway
    Right Side Capital Management
    Chris Wu
    Climate Collective
  • Grant

    $100,000

    Grant Investors

    Breakthrough Energy
Funding info provided by Diffbot.

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