PANews reported on January 10 that according to The Block, DePIN startup Starpower announced the completion of a new round of financing of US$2.5 million, bringing its total financing to US$4 million. The new financing was led by Framework Ventures, with participation from Solana Ventures and Bitscale Capital.
According to reports, Starpower is creating a decentralized energy network, including batteries and electric vehicles, to help meet electricity demand. Its protocol has accumulated 1.5 million registered wallets and more than 16,000 activated devices, in addition to bringing in $1 million in revenue. The company intends to use the funds to continue building its decentralized platform and increase its efforts to increase user adoption.
