Volta Solar Secures $12.4M To Expand Into Energy Storage Market

Israeli solar energy company Volta Solar, announced this week that it has raised NIS 40 million ($12.4 million), its first significant investment, to expand into the energy storage market. The new investment round was led by More Investment House, alongside angel investor Eyal Waldman as well as a group of executives from NVIDIA (formerly Mellanox). More Investment House invested NIS 30 million ($9.3 million) for 20 percent of the company’s shares. The funding follows Volta Solar’s last year’s cooperations with Israeli charging station manufacturer EV-Edge, and French multinational energy company EDF. Volta Solar aims to couple its solar energy systems with energy storage capacity to enable the use of clean electricity day and night without requiring additional infrastructure investment, bolstering energy security and self-sufficiency. In fact, the company has already…

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