The badge belongs to the carmaker. The machinery underneath tells another story. BorgWarner’s expensive electric transition shows what happens when engineering moves faster than demand.
Critical Loop is an industrial power company founded in 2023 by former SpaceX, Tesla and Palantir engineers. It deploys modular, relocatable battery-storage microgrids - paired with its software-defined controller, Cygnus - to give factories, data centers, airports and other grid-constrained sites reliable power in weeks instead of waiting years for utility upgrades. The company raised a $26M Series A in April 2026, bringing total committed funding to $49M, and operates a fleet of control nodes across California.