Lunar Energy has raised a combined $232 million through its latest funding — a $130 million Series C led by Activate Capital and a $102 million Series D led by B Capital and Prelude Ventures — to scale production of residential battery systems and expand virtual power plant (VPP) deployment across the United States. The investment underscores strong investor confidence in distributed energy storage and grid-supportive technologies as electrification and renewable integration accelerate.

The company plans to scale manufacturing to 20,000 battery units this year, targeting up to 100,000 units by 2028, while enhancing its software-driven VPP capabilities that aggregate distributed assets for grid reliability and peak load management. Lunar’s modular energy storage solutions are designed to address surging demand for resilient, decarbonised energy infrastructure amid rising electrification pressures and evolving energy policy landscapes.

This capital infusion positions Lunar Energy to advance its leadership in energy storage innovation and support the transition toward a more resilient, electrified grid ecosystem.