Copper Closes $28 Million Series A

<p><strong>BERKELEY<&sol;strong> &&num;8212&semi; Copper&comma; which manufactures battery-powered appliances&comma; has closed a &dollar;28 million Series A financing to expand its operations into new markets and products&period;<&sol;p>&NewLine;<p>The financing&comma; a combination of equity and debt&comma; was led by Prelude Ventures&comma; which invests in startups with the greatest potential to mitigate climate change&period; The round also includes Building Ventures&comma; as well as existing investors Voyager&comma; Collaborative Fund&comma; Climactic&comma; Designer Fund&comma; Necessary Ventures&comma; Leap Forward Ventures&comma; and Climate Capital&period;<&sol;p>&NewLine;<p>Copper has already shipped nearly a thousand of its ranges to customers around the U&period;S&period;&comma; with overwhelmingly positive response&period; NYT Wirecutter called it &OpenCurlyDoubleQuote;<a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;iPJGdxZywq213NJg4mxrVwNu1wVD2ty&lowbar;-37SMo9F7tgW97CObUZvEQZe5PD0ODftu-MqlZpw2uGV4pc7lHQlHHuWa--1j-BDp8qMzB4JP7a5CBn6Jgok-AquowQAfL&lowbar;Alw8o526jl-q3WCeNtoA4a&lowbar;8vuyOdNT3jS2am1HypkE&lowbar;bZw0a8WaotS8k84kESKj7" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><u>the holy grail of induction<&sol;u><&sol;a>&comma;” and the product garnered top honors from design outlets <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;Vg0zvfv8O84Q6mKnhPIbWmcM3-Sw2BGoXyC0r3LThxYAKz-UMAi-g6p-BdeXuepfX0EzoIVBGqNCtJAF2dhFQGQwozXLYlzm8v5iM0SLe5d4V1UV9w6D6E1uGi-SylAA" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><u>Core77<&sol;u><&sol;a> and the <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;nQLX2eisgpbNxd7qWy2-Su0Z-L3d2s-TCuFZxft3g4Q8&lowbar;76Jahhav9R8Wx5&lowbar;Osa21CQEK-U2lz5niEMlk9qBZF5OctqIX&lowbar;D-KJfFKjnNuPI&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><u>IDSA<&sol;u><&sol;a>&period; Copper itself was one of Fast Company’s Most Innovative Companies in 2025&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Copper has built a category-defining company&comma;” said Mark Cupta&comma; Managing Director at Prelude Ventures&period; &OpenCurlyDoubleQuote;We were particularly impressed with the team’s relentless execution and capital efficiency&comma; the scale of their vision&comma; and the strength of their patent portfolio covering batteries in appliances&period;”<&sol;p>&NewLine;<p>While Copper sells directly on its website&comma; the majority of its business comes from B2B sales to owners of buildings and real estate portfolios&period; These customers often face steep costs to repair aging gas distribution pipes or upgrade outdated electrical infrastructure&period; Copper solves both problems&comma; saving significant capital and complexity&comma; all while retiring the gas infrastructure and delivering premium performance and resilience to the building residents&period; In a noteworthy demonstration of demand&comma; the New York Housing Authority <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;SRmLUQaLjgUk6Kv5FHNuZDZVQFt4u2SBJJO5M60ZtRwipKjDriQ77U3O6Rpfh3jh8N6Q-iOyZfNOneKl-Kv6Dbzp5tZrA-MEr&lowbar;aIskZe45qTXgFut4eqmign-GXEQhz9eFLsh3mg9o4NyGi0MfkOGg&equals;&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><u>recently awarded<&sol;u><&sol;a> Copper a contract for 10&comma;000 units&comma; which came with stated interest from related parties for an additional 300&comma;000&plus;&period;<&sol;p>&NewLine;<p>Once deployed&comma; batteries embedded in Copper’s stoves and other appliances provide support to the electric grid&comma; acting as a virtual power plant &lpar;VPP&rpar;&period; Copper first piloted its California VPP in the summer of 2024&comma; with a network of distributed energy storage assets providing verified capacity and reducing dependence on expensive gas peaker plants&period; Deploying batteries inside residential appliances offers a cost-effective way to get energy storage to the edge of the grid&comma; where it’s most valuable&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This new capital will enable Copper to continue to scale its technology platform into additional products&comma; helping millions of people upgrade their homes&comma; ditch gas&comma; and support the clean grid&comma;” said Sam Calisch&comma; CEO and co-founder of Copper&period;<&sol;p>&NewLine;