Torus
Assembly Line
Torus Secures $67 Million in Venture Financing to Advance Energy Storage and Energy Management Platform
Torus, Inc. announced a significant milestone in its journey: the successful completion of an equity fundraising round and the expansion of its Board of Directors. This financing round, totaling $67 million in new equity, conversion of outstanding notes, and a loan facility, was led by Origin Ventures, a venture capital firm known for supporting disruptive software and hardware companies powering the Digital Native economy. The financing also saw contributions from notable institutional investors including Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion and ICONIQ.
Torus plans to use these funds to deepen its energy solutions portfolio in the commercial and large-scale utility sectors and add critical talent to the Torus team.