Starpower Secures 2 Million PreSeed Funding with Participation from Bas1s Ventures

In a recent news update, Starpower announced the completion of a $2 million Pre-Seed round of financing, with participation from Alliance, Arweave, IoTeX, Bas1s Ventures, as well as angel investors including Max Jungreis from Plug and Play Digital Assets, Shen Bo from Distributed Capital, and Sal Gala from Escape Velocity. Starpower is utilizing the DePIN model to connect energy-consuming devices such as air conditioners, batteries, and electric vehicles, creating a dispatchable energy management network to improve electricity efficiency, reduce grid fluctuations, and accelerate global energy transition.