Tesla: Former exec’s start-up snatches Moixa for undisclosed sum
A US battery start-up founded by a former Tesla boss has acquired UK battery firm Moixa.
Founded two years ago, the US company will acquire Moixa’s software to ramp up the electrification of homes worldwide.
Lunar has raised $300m (£250m) in two funding rounds led by South Korean telecoms giant SK Group and US solar panel provider Sunrun.
Moixa makes smart batteries which are installed with solar panels on residential properties.
“There is no larger challenge than society’s fight against climate change,” said Simon Daniel, chief executive of Moixa.
“The Moixa team has pioneered and developed innovative energy optimization algorithms over the last 15 years that remain unparalleled,” said Girotra, who used to be senior director of energy operations at Tesla until February 2020.
“Lunar Energy’s hardware, paired with GridShare software for smart charging, fleet management and optimisation, will provide a complete offering to our customers and help us deliver on our mission,” said Girotra.
Moixa’s ‘GridShare’ tech is used across the UK and Japan and is regarded as one of the UK’s brightest cleantech prospects.
Girotra spent five years at Tesla, pioneering products including Powerwall. Lunar was founded in 2020 but has just emerged from what it called “stealth mode.”