VoltServer, a technology leader reinventing how electrical energy is distributed, has raised $5M in a new round of funding that was led by Marker Hill Capital and joined by NRCM and Clean Energy Venture Group, bringing VoltServer's total capital raised to $10.5M. According to VoltServer, the funding was driven by substantial mobile network operator (MNO) demand for the company's innovative and patent-protected Digital Electricity.
VoltServer said that it has invented and patented a new way to distribute power called Digital Electricity. VoltServer remote powering solutions speed installation, significantly reduce equipment, cable and labor costs, and more efficiently power the equipment needed to densify 4G LTE and WiFi service in buildings and venues.
The company claims that analogous to the way that music and video has evolved from vinyl records to MP3s, VoltServer is the first company to commercialize the distribution of electricity in natively digital format. The technology combines energy and data into energy packets and transfers hundreds of packets each second from a VoltServer transmitter unit to a receiver unit, added VoltServer
VoltServer began shipping in early 2015, and is powering 4G/LTE mobile services in many large sports stadiums, office towers, hotels, condominiums and medical buildings.
Bob Fanch, Chairman of Marker Hill Capital
We see enormous potential in VoltServer's Digital Electricity technology, which will be a disruptive technology across a wide range of applications. And VoltServer has an outstanding management team that will enable VoltServer to realize this potential.
Steve Eaves, VoltServer Founder and CEO
VoltServer's success depends on building a great team, including great investors, to achieve our goals in delivering Digital Electricity globally, and across multiple vertical markets.
