When was EQORE founded?

EQORE was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is EQORE located?

EQORE is headquartered in Cambridge, United States.

Is EQORE a funded company?

EQORE is a funded company, having raised a total of $3.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 14, 2025.

When was the latest funding round of EQORE?

EQORE's latest funding was a $***** Seed round on Nov 20, 2025, with participation from 1 investor. Its primary sector is Energy Storage Tech. In United States, the Energy Storage Tech sector has seen $1.73B in funding in 2026 to date.

Where does EQORE rank among its competitors?

EQORE ranks 127th amongst 448 active competitors, of which 58 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Viridi Parente, which secured $20M in Feb, 2026.

Who are the top competitors of EQORE?

EQORE's top competitors include Wartsila, Alsym Energy and Statcon Energiaa. Among them, Viridi Parente secured the most recent funding round in February, 2026.

EQORE - 2026 Company Profile, Funding & Competitors

EQORE is a seed company based in Cambridge (United States), founded in 2023. It operates as a Provider of energy storage solutions. EQORE has raised $3.2M in funding. The company has 448 active competitors, including 58 funded and 21 that have exited. Its top competitors include companies like Wartsila, Alsym Energy and Statcon Energiaa.

Company Details

Provider of energy storage solutions. It provides a cutting-edge energy storage solution for industrial facilities, aiming to reduce demand charges and cut electricity bills by up to 30 percent. Its innovative technology utilizes smart energy storage systems to optimize energy usage and decrease peak demand.

Key Metrics

Founded Year

2023

Location

Cambridge, United States

Stage

Seed

Total Funding

$3.2M in 2 rounds

Latest Funding Round

Seed, Nov 20, 2025, $*****

Investors

Masscec & 2 more

Ranked

127^th among 448 active competitors

Similar Companies

Wartsila & 486 more

View EQORE's full profile

EQORE has raised a total funding of $3.2M over 2 rounds. Its first funding round was on Jan 14, 2025. Its latest funding round was a Seed round on Nov 20, 2025 for $*****. 1 investor participated in its latest round. EQORE has 1 institutional investor and 2 angel investors.

Here is the list of recent funding rounds of EQORE:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 20, 2025	8571488	Seed	7434797	1210136	5918959	7935650
Jan 14, 2025	2206110	Seed	3646127	9144380	5598634	2424901

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Top competitors of EQORE include Wartsila, Alsym Energy and Statcon Energiaa. Here is the list of Top 10 competitors of EQORE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wartsila 1834, Vaasa (Finland), Acquired	Provider of technologies and lifecycle solutions for the marine and energy markets	-	Europa, BlackRock & 2 others	73/100
2nd	Alsym Energy 2015, Woburn (United States), Series B	Provider of non-flammable battery solutions	$104M	General Catalyst, Tata Group & 5 others	64/100
3rd	Statcon Energiaa 1991, Noida (India), Acquired	Vertically integrated company that manufactures solar power electronics and provides solar EPC services	-	-	62/100
4th	On.Energy 2016, Miami (United States), Series B	Developer of energy storage technologies	$20M	Ultra Capital, Lombard Odier & 1 others	60/100
5th	Connected Energy 2010, Newcastle Upon Tyne (United Kingdom), Series B	Provider of battery energy storage systems for various industries	$36.4M	Macquarie, Engie & 13 others	57/100
6th	Viridi Parente 2009, Buffalo (United States), Series C	Manufacturer of modular lithium-ion battery energy storage systems for various applications	$115M	National Grid Partners, Ashtead Group & 1 others	55/100
7th	Newen Systems 2020, Vadodara (India), Funding Raised	Provider of battery energy storage systems and power electronics solutions	-	Norfund, TPG	55/100
8th	Powerstar 2001, Sheffield (United Kingdom), Seed	Provider of commercial energy solutions including voltage optimisation and battery storage	-	SCF Partners, Europa & 1 others	55/100
9th	Saft 1913, Levallois Perret (France), Acquired	Manufacturer of lithium-Ion battery	-	-	55/100
10th	HESStec 2018, Paterna (Spain), Series B	Developer of energy storage systems using proprietary power electronics and algorithms	$16.4M	Elewit, RIC Energy & 5 others	54/100
127th	EQORE 2023, Cambridge (United States), Seed	Provider of energy storage solutions	$3.2M	Masscec & 2 others	27/100