EQORE, a Boston-based company specializing in distributed battery storage, announced a $1.7 million seed raise. The oversubscribed round came from investors including Massachusetts Clean Energy Center, Henry Ford III and Jonathan Kraft, and it will help EQORE tackle growing electricity costs in the industrial building sector.
The company’s offerings are designed to help large facilities better manage electricity costs and contribute to a more reliable energy grid. EQORE combines advanced controls and end‑to‑end service to increase financial returns without changing customers’ operations. It installs and operates battery storage, autonomously shifting when power is used based on market conditions and utility incentives.
The new funding enables EQORE to scale through expanding its team and accelerating deployments at manufacturing facilities.
