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Alternative Assets  + Latest News  + Real Assets  |  January 6, 2023
Renewable Energy Startup Caban Systems Raises $51M in Series B Funding
Joe Palmisano
By: Joe Palmisano

Renewable Energy Startup Caban Systems Raises $51M in Series B Funding

Caban Systems raised $51 million in a Series B round. BCP Ventures led the investment, including participation from Ontario Power Generation Pension Fund, Ember Infrastructure, Portfolia and Inspiration Ventures.

The company aims to develop domestic battery manufacturing capacity, broaden its product and service offerings and expand into worldwide markets with the funds.

The Burlingame, CA-based company provides comprehensive energy solutions that help to decarbonize and upgrade essential infrastructure. Caban has pioneered a turnkey solution that incorporates its patented lithium-ion energy storage technology, intelligent remote monitoring software and integrated Energy-as-a-Service offering.

Founded in 2018 by Alexandra Rasch Castillo and Brian Pevear, Caban first showed success as an alternative energy solution for the Americas telecoms industry. Its technology has now reached a critical juncture in its development to satisfy sustainable energy needs in important infrastructure sectors.

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Caban Systems

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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