Union Square Ventures

Union Square Ventures (USV), established in 2003 and headquartered in New York, is a venture capital firm that invests in early-stage, growth, and late-stage internet companies. It focuses on the applications layer of the web, internet services, and mobile sector, seeking companies that create large networks and have defensible network effects. USV invests in various industries, including media, marketing, financial services, fintech, climate tech, and healthcare, with a preference for IT-enabled services. It typically invests $1 million initially, with the potential to invest up to $20 million in a single company, and aims for ownership levels of 15% to 20%. USV actively engages with entrepreneurs and often acts as a lead investor. It primarily invests in companies based in New York, San Francisco, London, Berlin, and other locations in between.

Hanel Baveja

Analyst

John Buttrick

Partner

Grace Carney

Analyst

Matt Mandel

Analyst

Nikhil Raman

Analyst

Fred Wilson

Partner

Past deals in Energy Storage

Presto

Seed Round in 2025
Presto is a software platform to power magical charging experiences for fleets, mobility providers, and businesses.We believe that access to reliable and affordable charging is the key to unlocking mass electrification and fighting climate change.

Cactos

Venture Round in 2025
Cactos specializes in smart energy storage systems that enhance the efficient use of renewable energy on a global scale. The company develops distributed energy storage solutions that provide local backup power, ensuring a stable supply during outages. Additionally, Cactos supports the electrification of transportation by facilitating the end-of-life use of electric vehicle batteries, contributing to power grid stability. Its services are particularly beneficial for building owners and tenants in sectors such as manufacturing, industry, hospitality, and retail, enabling them to secure a critical power supply.

Bolt.Earth

Series A in 2025
Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.

Radiant

Series C in 2024
Radiant is a clean energy startup based in Los Angeles, California, that specializes in the development of portable nuclear microreactors. Founded in 2019, the company aims to provide an alternative to fossil fuels through its innovative microreactor technology. Designed to fit within a shipping container, these reactors can be easily transported by air, ship, or road, making them suitable for both military and commercial applications. The Kaleidos microreactor, in particular, is notable for offering a zero-emissions power source, ideal for remote locations and critical power needs.

David Energy

Series A in 2024
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

UNIGRID

Series A in 2024
UNIGRID develops sustainable and affordable sodium-based batteries using abundant materials. They aim to put a battery into every home, the grid, and other distributed energy storage applications. They use dense Na-alloy and a non-flammable electrolyte, which led to high energy density and improved safety.

Anthro

Series A in 2024
Anthro is an advanced materials company focused on innovating energy storage solutions for the battery-powered future. It specializes in developing flexible battery technology aimed at enhancing the capacity of wearable electronic devices. By transforming traditional lithium-ion batteries through patented polymer electrolyte technology, Anthro creates a polymeric supramolecular lithium-ion conductor that combines mechanical and ionic properties. This innovation allows device manufacturers to produce flexible and safe batteries, contributing to a more electrified future. The company is supported by leading investors and various government grants, positioning it at the forefront of energy storage advancements.

Transmutex

Series A in 2024
Transmutex is a Swiss company founded in 2019 that specializes in advanced nuclear technology aimed at significantly reducing the stockpile of existing nuclear waste. The company utilizes particle accelerators to transmute long-lived nuclear waste, transforming it into less harmful materials while simultaneously generating carbon-free energy. This innovative approach offers a solution to the challenges faced by traditional nuclear power plants, allowing for scalable energy production that can either be reintegrated into the energy grid or utilized for green hydrogen production. The team at Transmutex comprises physicists, computer scientists, and environmentalists, and builds upon technologies previously tested at CERN and the Paul Scherrer Institute.

Lydian

Seed Round in 2023
Lydian aims to accelerate the decarbonization of the chemical industry by electrifying the chemical production process. Founded in 2021 by Branko Zugic, Lydian is headquartered in

Leap

Venture Round in 2023
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Odyssey

Series A in 2023
Odyssey Energy Solutions, founded in 2017 and based in Boulder, Colorado, offers a web-based data platform designed to streamline the development and deployment of mini-grids in emerging markets. The platform enables project developers to effectively manage and analyze mini-grid data through various software tools and data analytics. By facilitating communication and connection among developers, financiers, vendors, and governmental and donor organizations, Odyssey enhances collaboration within the mini-grid sector, ultimately supporting sustainable energy solutions in underserved regions.

Anthro

Seed Round in 2022
Anthro is an advanced materials company focused on innovating energy storage solutions for the battery-powered future. It specializes in developing flexible battery technology aimed at enhancing the capacity of wearable electronic devices. By transforming traditional lithium-ion batteries through patented polymer electrolyte technology, Anthro creates a polymeric supramolecular lithium-ion conductor that combines mechanical and ionic properties. This innovation allows device manufacturers to produce flexible and safe batteries, contributing to a more electrified future. The company is supported by leading investors and various government grants, positioning it at the forefront of energy storage advancements.

XFuel

Venture Round in 2022
XFuel is a company that specializes in producing sustainable and net-zero drop-in fuels for road, marine, and aviation applications. Founded in 2010 and headquartered in Dublin, Ireland, with a presence in Palma de Mallorca, Spain, XFuel has developed innovative technology for the efficient and cost-effective conversion of biomass waste into low-carbon fuels. The company’s advanced fuels generate up to 85% fewer greenhouse gas emissions compared to conventional fossil fuel production, positioning them as a cleaner alternative in the transport sector. By providing decentralized and sustainable fuel solutions, XFuel aims to support distributors and consumers globally in reducing reliance on fossil fuels while working towards carbon-neutral and even carbon-negative fuel options.

Shift EV

Series A in 2022
Shift EV is an electric mobility technology startup focused on developing electric vehicle batteries specifically for commercial vehicles. The company aims to facilitate the transition to electric fleets, particularly in emerging markets. Shift EV equips fleet owners, operators, and financiers with essential data regarding electric vehicle operations, including potential savings, electricity consumption, emissions reduction, available battery range, and mileage. Additionally, Shift EV employs proprietary electro-fitting technology, which allows the conversion of conventional vehicles into electric-run vehicles, contributing to reduced environmental pollution and conservation of natural resources.

David Energy

Series A in 2022
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

Radiant

Series A in 2022
Radiant is a clean energy startup based in Los Angeles, California, that specializes in the development of portable nuclear microreactors. Founded in 2019, the company aims to provide an alternative to fossil fuels through its innovative microreactor technology. Designed to fit within a shipping container, these reactors can be easily transported by air, ship, or road, making them suitable for both military and commercial applications. The Kaleidos microreactor, in particular, is notable for offering a zero-emissions power source, ideal for remote locations and critical power needs.

Leap

Series B in 2021
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Bolt.Earth

Series A in 2021
Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.

Transmutex

Series A in 2021
Transmutex is a Swiss company founded in 2019 that specializes in advanced nuclear technology aimed at significantly reducing the stockpile of existing nuclear waste. The company utilizes particle accelerators to transmute long-lived nuclear waste, transforming it into less harmful materials while simultaneously generating carbon-free energy. This innovative approach offers a solution to the challenges faced by traditional nuclear power plants, allowing for scalable energy production that can either be reintegrated into the energy grid or utilized for green hydrogen production. The team at Transmutex comprises physicists, computer scientists, and environmentalists, and builds upon technologies previously tested at CERN and the Paul Scherrer Institute.

Remora

Seed Round in 2021
Remora is a company that develops an emission-controlling device for semi-trucks, designed to capture at least 80% of carbon emissions directly from the tailpipe. The device is mounted between the cab and trailer, utilizing a solid sorbent that selectively binds with carbon dioxide molecules in the exhaust stream. This technology regenerates using exhaust heat, ensuring efficient operation without clogging. By capturing carbon emissions, Remora enables companies to meet their climate commitments and earn credits for the carbon dioxide collected. The captured CO2 is sold to end-users for long-term storage, and the revenue generated is shared with customers, allowing the device to pay for itself within a few years.

David Energy

Series A in 2020
David Energy is an innovative energy company focused on transforming electricity consumption and management through advanced technology. It develops an energy management platform that assists customers in optimizing their energy usage by selecting the most suitable mix of behind-the-meter (BTM) assets tailored to specific building and consumption profiles. By leveraging sophisticated machine learning, David Energy enables businesses to design, install, and finance various BTM solutions, effectively lowering energy bills and enhancing control over energy usage. With a commitment to integrating renewable energy sources and promoting smart energy management, David Energy contributes to a more sustainable and efficient energy landscape.

Leap

Series A in 2020
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Volteras

Volteras is a developer of software focused on electric vehicles and connected car technology. The company collects, standardizes, and optimizes data from various energy devices, including chargers, heat pumps, home batteries, and solar inverters, into a unified data model. Through its platform, Volteras Connect, businesses can leverage this data to gain insights into electric vehicle performance under real-world conditions. The software facilitates the creation of new revenue streams, cost reduction, and the development of innovative business models. Volteras aims to serve as a vital link between electric vehicles and the broader ecosystem of energy suppliers and related technologies.

Bolt.Earth

Bolt.Earth specializes in providing charging products and comprehensive solutions for electric vehicles, aiming to advance cleaner mobility in emerging markets. As the leading provider of electric vehicle charging infrastructure in India, Bolt.Earth has established a network of over 20,000 charging points. The company operates a platform that facilitates the discovery of nearby charging locations and offers over-the-air updates to enhance user experience. This platform supports fleets, vehicle owners, and automobile businesses in adopting smart and sustainable services, contributing to a greener future. Through its innovative approach, Bolt.Earth is committed to promoting electric vehicle adoption and transforming transportation in regions with growing demand for eco-friendly mobility solutions.
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