Lunar Energy valuation, funding and investors
Lunar Energy works in clean energy system manufacturing, based in Mountain View, United States. Founded in 2020, it has about 259 employees.
- Last round
- Series D · $102M · Feb 2026
- Valuation at last round
- $1.27B · implied
- Headcount
- 259 · up
- Grade
- B
- Founded
- 2020
Lunar Energy valuation today
VCMC values Lunar Energy at $1.6B today, with a range of $867M to $2.6B and a grade of B. The valuation starts from its last funding round, a Series D round in Feb 2026.
Valuation by date (85 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $18.2M | $6.62M – $49.9M | $20.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $18.3M | $6.68M – $50.4M | $20.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $18.5M | $6.73M – $50.8M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $18.7M | $6.79M – $51.3M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $18.8M | $6.85M – $51.7M | $20.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $19.0M | $6.92M – $52.2M | $21.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $19.2M | $6.98M – $52.7M | $21.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $19.3M | $7.04M – $53.1M | $21.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $19.5M | $7.11M – $53.6M | $21.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $19.7M | $7.17M – $54.1M | $21.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $19.9M | $7.24M – $54.6M | $21.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $20.1M | $7.30M – $55.1M | $21.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $20.2M | $7.37M – $55.6M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $20.4M | $7.42M – $56.0M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $26.7M | $9.72M – $73.4M | $29.2M (+9%) | before first round | 82 | unknown | D | 0% |
| 1 Apr 2022 | $26.9M | $9.80M – $73.9M | $29.4M (+9%) | before first round | 82 | unknown | D | 0% |
| 1 May 2022 | $27.1M | $9.87M – $74.4M | $29.6M (+9%) | before first round | 82 | unknown | D | 0% |
| 1 Jun 2022 | $27.3M | $9.94M – $75.0M | $29.8M (+9%) | before first round | 82 | unknown | D | 0% |
| 1 Jul 2022 | $27.5M | $10.0M – $75.6M | $30.0M (+9%) | before first round | 82 | unknown | D | 0% |
| 1 Aug 2022 | $27.7M | $10.1M – $76.1M | $30.3M (+9%) | before first round | 82 | unknown | D | 0% |
| 25 Aug 2022 | $3.3B | $2.2B – $5.6B | $3.7B (+10%) | after a round | 82 | unknown | B | 0% |
| 1 Sep 2022 | $3.3B | $2.2B – $5.6B | $3.7B (+10%) | after a round | 82 | unknown | B | 0% |
| 1 Oct 2022 | $3.4B | $2.2B – $5.6B | $3.7B (+9%) | after a round | 82 | unknown | B | 0% |
| 1 Nov 2022 | $3.4B | $2.2B – $5.6B | $3.7B (+8%) | after a round | 82 | unknown | B | 0% |
| 1 Dec 2022 | $3.4B | $2.2B – $5.6B | $3.7B (+7%) | after a round | 200 | growing | B | 0% |
| 1 Jan 2023 | $3.4B | $2.2B – $5.6B | $3.7B (+6%) | after a round | 200 | growing | B | 0% |
| 1 Feb 2023 | $3.5B | $2.2B – $5.6B | $3.7B (+5%) | after a round | 200 | growing | B | 0% |
| 1 Mar 2023 | $3.5B | $2.2B – $5.6B | $3.7B (+5%) | after a round | 200 | growing | B | 0% |
| 1 Apr 2023 | $3.5B | $2.2B – $5.6B | $3.7B (+4%) | after a round | 200 | growing | B | 0% |
| 1 May 2023 | $3.6B | $2.2B – $5.6B | $3.7B (+3%) | after a round | 200 | growing | B | 0% |
| 1 Jun 2023 | $3.6B | $2.2B – $5.6B | $3.7B (+2%) | after a round | 200 | growing | B | 0% |
| 1 Jul 2023 | $3.6B | $2.2B – $5.6B | $3.7B (+1%) | after a round | 200 | growing | B | 0% |
| 1 Aug 2023 | $3.6B | $2.2B – $5.6B | $3.7B (+1%) | after a round | 200 | growing | B | 0% |
| 1 Sep 2023 | $3.7B | $2.2B – $5.6B | $3.7B (0%) | after a round | 200 | growing | B | 0% |
| 1 Oct 2023 | $3.9B | $2.2B – $5.9B | $3.9B (0%) | after a round | 250 | up | B | 0% |
| 1 Nov 2023 | $3.9B | $2.2B – $5.9B | $3.9B (0%) | after a round | 250 | up | B | 0% |
| 1 Dec 2023 | $3.9B | $2.1B – $5.9B | $3.9B (0%) | after a round | 250 | up | B | 0% |
| 1 Jan 2024 | $3.9B | $2.0B – $5.9B | $3.9B (0%) | after a round | 250 | up | B | 0% |
| 1 Feb 2024 | $3.9B | $2.2B – $6.0B | $3.9B (0%) | after a round | 270 | growing | B | 0% |
| 1 Mar 2024 | $3.9B | $2.2B – $6.0B | $3.9B (0%) | after a round | 270 | growing | B | 0% |
| 1 Apr 2024 | $3.9B | $2.2B – $6.0B | $3.9B (0%) | after a round | 270 | growing | B | 0% |
| 1 May 2024 | $3.9B | $2.2B – $6.0B | $3.9B (0%) | after a round | 270 | growing | B | 0% |
| 1 Jun 2024 | $3.9B | $2.2B – $6.0B | $3.9B (0%) | after a round | 270 | growing | B | 0% |
| 1 Jul 2024 | $3.9B | $1.4B – $6.0B | $3.9B (0%) | after a round | 270 | flat | C | 0% |
| 1 Aug 2024 | $3.9B | $1.3B – $6.0B | $3.9B (0%) | after a round | 270 | flat | C | 0% |
| 1 Sep 2024 | $3.9B | $1.3B – $6.0B | $3.9B (0%) | after a round | 270 | flat | C | 0% |
| 1 Oct 2024 | $3.9B | $1.2B – $6.0B | $3.9B (-1%) | after a round | 270 | flat | C | 0% |
| 1 Nov 2024 | $3.9B | $1.1B – $6.0B | $3.9B (-1%) | after a round | 270 | flat | C | 0% |
| 1 Dec 2024 | $3.9B | $1.1B – $6.0B | $3.8B (-2%) | after a round | 270 | flat | C | 0% |
| 1 Jan 2025 | $3.9B | $1.0B – $6.0B | $3.8B (-2%) | after a round | 270 | flat | C | 0% |
| 1 Feb 2025 | $3.9B | $985M – $6.0B | $3.8B (-3%) | after a round | 270 | flat | C | 0% |
| 1 Mar 2025 | $3.9B | $941M – $6.0B | $3.8B (-3%) | after a round | 270 | flat | C | 0% |
| 1 Apr 2025 | $3.9B | $894M – $6.0B | $3.8B (-4%) | after a round | 270 | flat | C | 0% |
| 1 May 2025 | $3.9B | $851M – $6.0B | $3.7B (-7%) | after a round | 270 | flat | C | 0% |
| 1 Jun 2025 | $3.9B | $809M – $6.0B | $3.6B (-7%) | after a round | 270 | flat | C | 0% |
| 1 Jul 2025 | $3.9B | $770M – $6.0B | $3.6B (-8%) | after a round | 270 | flat | D | 0% |
| 1 Aug 2025 | $3.9B | $732M – $6.0B | $3.6B (-9%) | after a round | 270 | flat | D | 0% |
| 1 Sep 2025 | $3.9B | $695M – $6.0B | $3.9B (0%) | after a round | 270 | unknown | D | 0% |
| 1 Oct 2025 | $3.8B | $634M – $5.7B | $3.8B (0%) | after a round | 222 | unknown | D | 0% |
| 1 Nov 2025 | $3.8B | $602M – $5.7B | $3.8B (0%) | after a round | 222 | unknown | D | 0% |
| 1 Dec 2025 | $3.8B | $573M – $5.7B | $3.8B (0%) | after a round | 222 | unknown | D | 0% |
| 1 Jan 2026 | $3.8B | $545M – $5.7B | $3.8B (0%) | after a round | 222 | unknown | D | 0% |
| 1 Feb 2026 | $3.8B | $518M – $5.7B | $3.8B (0%) | after a round | 222 | unknown | D | 0% |
| 5 Feb 2026 | $1.3B | $838M – $2.5B | $1.7B (+30%) | after a round | 222 | unknown | B | 0% |
| 1 Mar 2026 | $1.3B | $838M – $2.5B | $1.7B (+28%) | after a round | 222 | unknown | B | 0% |
| 1 Apr 2026 | $1.3B | $838M – $2.5B | $1.7B (+25%) | after a round | 222 | unknown | B | 0% |
| 1 May 2026 | $1.4B | $838M – $2.5B | $1.7B (+22%) | after a round | 222 | unknown | B | 0% |
| 1 Jun 2026 | $1.4B | $838M – $2.5B | $1.7B (+20%) | after a round | 222 | unknown | B | 0% |
| 1 Jul 2026 | $1.4B | $838M – $2.5B | $1.7B (+17%) | after a round | 222 | unknown | B | 0% |
| 1 Aug 2026 | $1.5B | $859M – $2.6B | $1.7B (+16%) | after a round | 249 | up | B | 0% |
| 1 Sep 2026 | $1.5B | $859M – $2.6B | $1.7B (+13%) | after a round | 249 | up | B | 0% |
| 1 Oct 2026 | $1.5B | $867M – $2.6B | $1.7B (+11%) | after a round | 259 | up | B | 0% |
| 24 Oct 2026 | $1.6B | $867M – $2.6B | $1.7B (+9%) | after a round | 259 | up | B | 0% |
Key facts about Lunar Energy
- Founded
- 2020
- Headquarters
- Mountain View, United States
- Employees
- about 259 +17% in a year
- Total raised
- $532M
- Funding rounds
- 3
- Last round
- Series D Feb 2026
Lunar Energy was founded in 2020 by Kunal Girotra.
Lunar Energy funding history
Lunar Energy has 3 funding rounds on record, from Aug 2022 to Feb 2026, $532M in total. None disclosed a valuation.
Series D 4 Feb 2026
Led by B Capital, Prelude Ventures; with DCVC, Piva Capital, Leitmotif, Sunrun, ITOCHU Corporation, Q Capital Partners.
Sources: globenewswire.com, energy-storage.news
$102M
Series C 4 Feb 2026
Led by Activate Capital; with DCVC, Piva Capital, Leitmotif, Sunrun, Itochu Corporation, Q Capital Partners.
Sources: lunarenergy.com, globenewswire.com, wsgr.com and 1 more
$130M
Growth Equity 24 Aug 2022
Led by Sunrun, SK Group; with Itochu, Honda.
Sources: lunarenergy.com, paconsulting.com, cleanenergypipeline.com and 1 more
$300M
Lunar Energy investors
12 investors have backed Lunar Energy; Sunrun, Activate Capital and B Capital and 2 more led at least one round.
- Sunrun lead, 3 rounds
- B Capital lead
- SK Group lead
- DCVC 2 rounds
- Itochu Corporation 2 rounds
- Honda
- Itochu
What Lunar Energy does
Lunar Energy works in batteries, with 14 recorded offerings and customers in renewable energy, residential and commercial.
Lunar Energy Inc. is an American company that develops and supplies clean energy solutions, including home battery systems and grid management software. The company provides products such as solar power systems, home battery storage, and gridshare software for managing distributed energy resources, including home batteries and electric vehicle chargers. Lunar Energy also offers a Virtual Power Plant program for homeowners to sell excess energy to the grid and participates in grid services programs. Its products are available in the United States and internationally, and are supported by a network of certified installers.
Description from Veridion's company data.
Products and services
- Clean Energy System Manufacturing
- Solar Panel Manufacturing
- Home Battery System Manufacturing
- Power Inverter Manufacturing
- AI-Powered Energy Management Software Development
- Distributed Energy Resource Management Solutions
- Clean Energy System Installation Services
- Clean Energy System Distribution
- Energy Efficiency Consulting Services
- Sustainable Energy Solutions Development
- Clean Energy Technology Research and Development
- Electric Vehicle Charger Integration Services
- Extreme Weather Energy System Solutions
- Scalable Energy Storage System Solutions
Markets
- Renewable Energy
- Residential
- Commercial
Technology
- Module-Level MPPT
- Rapid Shutdown
- 134 max LRA start
Business model
- Business-to-Business
- Business-to-Consumer
- Manufacturing
Industry codes (NAICS)
- 335999 All Other Miscellaneous Electrical Equipment and Component Manufacturing 50% match
- 513210 Software Publishers 30% match
- 449210 Electronics and Appliance Retailers 20% match
Questions about Lunar Energy
What is Lunar Energy worth?
Valuation $1.6B (range $867M to $2.6B), as of 24 Oct 2026.
Has Lunar Energy raised money?
Lunar Energy has 3 funding rounds on record, from Aug 2022 to Feb 2026, $532M in total. None disclosed a valuation.
Who has invested in Lunar Energy?
Sunrun, Activate Capital, B Capital, Prelude Ventures, SK Group and DCVC, and 6 more. Lead investors include Sunrun, Activate Capital, B Capital and Prelude Ventures.
How many people work at Lunar Energy?
About 259, up 17% over the last year. Headcount grew from 82 in Mar 2022 to 259 in Sep 2026.
What does Lunar Energy do?
Lunar Energy works in batteries, with 14 recorded offerings and customers in renewable energy, residential and commercial. Its main offerings are clean energy system manufacturing, solar panel manufacturing and home battery system manufacturing.
When was Lunar Energy founded, and where is it based?
Lunar Energy was founded in 2020 and is based in Mountain View, United States. It has about 259 employees, up 17% over the last year.