Starpower Completes $2.5 Million Funding Round, Led by Framework Ventures

BlockBeats News, January 10, According to The Block, the decentralized energy infrastructure network (DePIN) project Starpower has completed a $2.5 million financing round led by Framework Ventures, with participation from Solana Ventures and Bitscale Capital.

Starpower is reportedly building a decentralized energy network that includes energy storage batteries and electric vehicles. The project has so far registered 1.5 million wallets, activated over 16,000 devices, and generated $1 million in revenue. Previously, Starpower raised a $1.5 million seed round led by DAO Alliance, bringing the total funding to $4 million.