Decentralized energy network Starpower completes $2 million Pre-Seed round financing, with participation from Alliance and others.

according to TechFlow, the decentralized energy network Starpower has completed a $2 million Pre-Seed funding round, with investors including Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors such as Max Jungreis, the digital asset investment director at Plug and Play, Shen Bo, founder of Fenbushi Capital, and Sal Gala, founder of Escape Velocity.

It is reported that Starpower utilizes the DePIN model to connect energy power devices including air conditioners, batteries, and electric vehicles, establishing a schedulable energy management network to improve electricity efficiency and reduce grid fluctuations, accelerating the global energy transition.