San Jose-based solar and cleantech company Amped Innovation has secured $3 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Oct. 3 and led by ENGIE Rassembleurs d'Energies initiative.
According to its Crunchbase profile, "At Amped Innovation, we design breakthrough products for people living on less than $4 per day. Our first product, the Blossom, is a solar home power system which is the lowest-cost and highest-performance product in its class, at one third the price and twice the power handling of competing systems. We built the Blossom with a software-enabled Pay-As-You-Go interface, which allows customers to purchase it in payment installments that are equivalent to what they currently spend on kerosene, while providing much more light, cell-phone charging, and ability to run appliances like televisions and sewing machines."
The four-year-old startup also raised a $75,000 seed round in 2016.
The round brings total funding raised by San Jose companies in sustainability over the past 90 days to $3.4 million. The local sustainability industry has produced six funding rounds over the past year, raking in a total of $4.7 million in venture funding.
In other local funding news, waste management company BioCellection announced a $25,000 seed funding round on Oct. 9, financed by Ocean Solutions Accelerator.
According to Crunchbase, "Upcycling plastic pollution into value using chemistry and synthetic biology"
Founded in 2015, the company has raised four previous rounds, including a seed round in 2018.
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