Finnish startup Cactos raises €2.5M to answer the energy crisis with cloud computing service and second-life Tesla batteries
Cactos turns second-life EV batteries into smart energy storage units that are connected to its proprietary cloud-based control software. The units can optimise energy consumption, provide uninterrupted power, hedge against market volatility, and provide demand response to the grid.Cactos , a producer of smart energy storage systems, has raised a total of €2.5M in equity and debt led by Superhero Capital , with participation from Cactos’s founders. The funding will fund the company's growth, including increased energy storage unit