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Scalvy
Scalvy is an Austin-based power electronics company building a modular, software-defined platform called the Power Neuron that distributes power conversion and control to the edge of each battery pack instead of routing it through a single centralized block. The approach targets three power-hungry markets - AI data centers, grid-scale energy storage, and electric mobility - promising higher usable energy, ultra-high efficiency, and faster development cycles. Founded in 2022 by Mohamed Badawy, the company raised a $13.9M Series A in March 2026, bringing total funding to roughly $17M.
Element Energy
Element Energy is a Menlo Park battery management company that uses semiconductor-grade hardware, software, and cell-level controls to extend battery life, prevent fires, and give retired EV batteries a second career on the grid.