Ecliptic Capital Co-Leads Veloce Energy Series A
Gunderson Dettmer represented client Ecliptic Capital as it co-led the Series A financing of Veloce Energy, a manufacturer of energy storage and infrastructure systems. Veloce Energy’s FastGrid hardware and software infrastructure platform reduces the time and cost to deploy and operate EV charging stations and commercial and solar storage. The company will use the new capital to expand its technology and build out its product roadmap.
In the announcement of the transaction, Ecliptic Capital co-founder and managing partner Adam Lipman said, “Ecliptic is proud to support Veloce Energy as a co-lead of this series A financing. We believe the veteran team at Veloce has truly grasped the enormity of the challenge in meeting the demand for EV charging infrastructure and grid edge storage solutions. They have responded with a commercial ready solution that not only drastically improves speed to deploy but also enables expandability while being adaptable to the existing built environment.”
The Gunderson Dettmer deal team was led by Wes Watts and included Ben Cukerbaum.