Honda led an $11.1m round for the solar power battery and software developer that also featured existing investor Itochu.
UK-based smart battery developer Moixa has raised £8.6m ($11.1m) in a funding round led by automotive manufacturer Honda, Solar Power Portal has reported.
The round included diversified conglomerate Itochu as well as venture capital firms Contrarian Ventures and First Imagine Ventures.
Moixa produces solar batteries that store energy generated by solar panels during the day so it can power users’ homes when the sun is not out.
The company’s cloud-based software manages home energy systems in 7,000 homes in the…
