Deeya closes $30M for long-term electrical storage

Deeya Energy, provider of a unique battery for long-term electrical storage, has raised $30 million in a third round of funding to offer renewable and more efficient energy options. Based in Fremont, Calif., the company says it is poised to take advantage of a $46 billion energy storage market — especially now when cutting energy costs is a prime concern for businesses and consumers alike.

The recent round of financing was led by Technology Partners and inclued BlueRun Ventures, Draper Fisher Jurvetson, Element Partners and New Enterprise Associates. It has raised $53 million to date.

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