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DateInvestorsAmountRound

N/A

Seed
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$33.5m

Early VC
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N/A

$33.5m

Debt
Total Funding€30.5m

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Torus is a company specializing in environmentally friendly residential batteries designed to store renewable energy from sources such as hydro, wind, and solar. These batteries are made with 95% recyclable materials and boast up to three times the lifespan of traditional chemical batteries. Torus serves homeowners looking to reduce their reliance on the grid and become their own utility energy providers. The company operates in the renewable energy market, targeting eco-conscious consumers and those seeking energy independence. Torus's business model involves selling these advanced batteries directly to consumers, and it generates revenue through product sales. Additionally, Torus makes it easy for customers to claim a 30% federal tax credit, further enhancing the affordability of their products. The company also offers real-time data monitoring, allowing users to track their home energy use, renewable production, and battery storage in a live view that updates every second.

Keywords: renewable energy, residential battery, recyclable materials, energy independence, home power station, grid reliance, eco-friendly, real-time monitoring, federal tax credit, sustainable living.

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