Daylight Secures $75 Million to Transform Homes into Power Plants

Daylight Energy, a DePIN project, has secured a $75 million investment to expand its crypto-powered energy network that turns homes into distributed power plants. The funding, which includes both equity and project development financing, was led by Framework Ventures, a prominent crypto venture capital firm. 💰 The total package amounts to $15 million in equity funding spearheaded by Framework Ventures, joined by a16z crypto, Coinbase Ventures, and Lerer Hippeau, with another $60 million allocated for the development of infrastructure. ⚡️ This will be used to fund installations of home solar panels and batteries, making energy storage more accessible.