Passenger vehicles currently represent roughly 3% of the world’s total GDP. Williams, Chairman and CEO, Viridi Parente, Inc., “Point-of-use energy storage has the potential to more than double the delivered capacity of our entire energy transmission system without additional investment in new infrastructure. New investors include Ashtead Group/Sunbelt Rentals, a leader in the equipment rental industry providing a highly diversified offering of equipment and solutions that service a broad customer base with more than 1,025 locations supporting a rental fleet of $11 billion, and National Grid Partners, the investment arm of National Grid, one of the world’s largest investor-owned energy companies.Īccording to Jon M. Thomas Golisano, an entrepreneur, philanthropist, and civic leader who has demonstrated an ongoing dedication to building innovative businesses. The Series C round was led by existing investor B.

This round of funding, in which Viridi is valued, post-money, at $700 million, marks the next step toward the company’s vision to manufacture fail-safe, point-of-use lithium-ion battery technology at scale. (Viridi), a leader in developing safe, resilient, point-of-use battery storage technology, has raised $94.695 million in a Series C funding round.

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