Funding round
Jupiter Power Growth
Reported as "Growth Equity"
Jupiter Power, which works in energy storage project development in Austin, raised $1.40B in a Growth round announced on 16 Sep 2026. 7 firms took part.
$1.40B
Amount raised
Not disclosed
Post-money valuation
7
Investors
no lead named
Valuation
What this round says about the price
Jupiter Power did not disclose a valuation in this round. It is Jupiter Power's first venture round on record, 9 years after it was founded in 2017. No later venture round is on record for Jupiter Power.
Jupiter Power's funding rounds
This is the only venture round on record for Jupiter Power.
- Debt not a venture round 19 Apr 2022 $175M
- Acquisition not a venture round 15 Nov 2022, led by BlackRock Alternatives amount not disclosed
- Debt not a venture round 31 Oct 2024 $225M
- Debt not a venture round 28 Jan 2026 $500M
- Debt not a venture round 16 Sep 2026 $281M
- Growth this round 16 Sep 2026 $1.40B
Investors
Who put money in
7 firms took part; no lead investor was named.
Investors
- HSBC Bank US, N.A. new investor
- SMBC new investor
- backs 4 venture-backed companies new investor
- Nuveen new investor
- ING Capital new investor
- Societe Generale new investor
- MUFG new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
10 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $150M, and this round was 9.3 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 24 Sep 2026 | $268M | not disclosed | Climate Adaptive Infrastructure |
| Renewable energy companies | 16 Sep 2026 | $100M | not disclosed | S2G Investments and Canada Growth Fund |
| Hydrostor Renewable energy companies | 12 Aug 2026 | $230M | not disclosed | not named |
| Matrix Renewables Renewable energy companies | 23 Jun 2026 | $210M | not disclosed | DESRI |
| Acelen Renováveis Renewable energy companies | 26 May 2026 | $1.50B | not disclosed | International Finance Corporation and HSBC |
| new cleo Renewable energy companies | 23 Feb 2026 | $89M | not disclosed | not named |
| Renewable energy companies | 19 Feb 2026 | $47M | not disclosed | International Airlines Group (IAG) and Shell |
| Renewable energy companies | 3 Feb 2026 | $29M | not disclosed | RA Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Jupiter Power raise in its Growth round?
Jupiter Power raised $1.40B in its Growth round, announced in Sep 2026.
Which investors took part in Jupiter Power's Growth round?
HSBC Bank US, N.A., SMBC, AB CarVal, Nuveen, ING Capital and Societe Generale and 1 more.
What was Jupiter Power's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
10 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $150M, and this round was 9.3 times the median.