Upstart Power

Southborough, MA · Founded 2017 · Privately Held (backing)

Manufacturer of solid oxide fuel cell generators intended to make distributed electricity generation a reality. Upstart Power is based in Southborough, MA and was founded in 2017. It is valued at about $46.5 million as of Oct 2026, set by institutional fund marks. It has raised $70.7 million across 6 recorded rounds; the latest was a $2.1 million seed round in Dec 2024.

PMV mark · valuation
$46.5M
Oct 2026
Priced at
—
Total raised
$70.7M
Last round
Seed Round
Dec 2024

Who backs Upstart Power?

6 investors
InvestorType
Cricetus Felix Ventures—
Enphase Energy—
H+ Partners—
Itochu—
Rodgers Capital—
Sunnova Energy—
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Upstart Power investors

6 investors are on record for Upstart Power, including Cricetus Felix Ventures, Enphase Energy, H+ Partners and Itochu. The seed round in Dec 2024 drew 5 investors.

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