Tesla’s Former Energy Head Has a New Electric-Home Startup
Armed with $300 million in funding, Lunar Energy aims to launch its first product this year: a home battery system that can control energy loads.
Tesla’s former head of energy is officially launching Lunar Energy, a new startup aimed at simplifying the transition to full home electrification.
Courtesy of Lunar EnergyTesla’s former head of energy is officially launching Lunar Energy, a new startup aimed at simplifying the transition to full home electrification. Kunal Girotra, who was until February 2020 Tesla’s senior director of energy operations, is chief executive of Lunar as well as its founder.
The California-based startup plans to develop software and hardware that would create an “ecosystem” for a home with solar panels and electrical appliances to use energy efficiently, according to Girotra. Over the past 18 months, Lunar completed two funding rounds of $150 million each; its backers include Sunrun Inc., the largest solar installation company in the US, and SK Group, a South Korean holding company. Lunar, which Girotra says has been in stealth development since mid-2020, declined to disclose its current valuation.