Estes Energy, a San Francisco, CA-based materials and manufacturing company, raised $11M in Seed funding.
The round was led by BMW I Ventures and Fortescue, with participation from New System Ventures and early investor DCVC.
The company intends to use the funds to expand the development team, build-out its pilot manufacturing capability, and begin deploying battery systems to early customers in Q4 2025.
Led by CEO Dustin Grace, Estes Energy develops and manufactures zero-emission power systems that generate scale and performance for the electrification of commercial and industrial markets. Its charter is to accelerate access to electrification by enabling standardized powertrain solutions that outperform diesel in both cost and performance, for both high-volume established OEMs and industry newcomers alike.
FinSMEs
23/07/2025.