COMPANY PROFILE

Upstart Power

Designs and produces market disruptive solid oxide fuel cell (SOFC) generators that are dependable, sustainable, carbon efficient, and virtually silent for Residential and Industrial applications

Southborough, United StatesFounded 2017Energy

Valuation $100–250M Last recorded · 2024

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Upstart Power

Upstart Power is a company focused on revolutionizing distributed electricity generation by leveraging advanced fuel cell technology, solar, and battery systems. The company primarily serves residential clients who require reliable, low-emission backup power solutions. Operating in the renewable energy market, Upstart Power's business model revolves around the development and sale of Solid Oxide Fuel Cell (SOFC) generators. These generators are designed to replace traditional internal combustion engine generators, offering a quieter, more efficient, and environmentally friendly alternative. The company generates revenue through the direct sale of these generators and potentially through service and maintenance contracts. Upstart Power's products are particularly suited for integration with solar and battery storage systems, providing a seamless and dependable energy solution.

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At a glance

Status: Operational
Founded: 2017
Headquarters: Southborough, United States
Employees: 21
Open positions: None listed
Dealroom signal: 63.0/100
Industry: Energy
Sub-industry: Energy Providers
Sector: Energy, Hydrogen, Sustainable Development Goals, Climate Tech, Fuel Cell, DT and LS, science-based
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VC✓Equity / VC	Jul 2024	$23M	$90M	Undisclosed	↗
SERIES C✓Equity / VC	Nov 2022	$17M	$68M	ITOCHU · Rodgers Capital · H+ Partners · Enphase Energy	↗

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Growth signals

Upstart Power website traffic

Latest recorded traffic for Upstart Power is 1.7K monthly website visits, up 21.4% over the last three months. Upstart Power's team declined 12.5% over the past year.

Latest monthly visits1.7K 3-month web change+21.4% 1-year team growth-12.5%

Monthly website visitsOct 2020–Jul 2026

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