Business · Companies · 1 hr ago

Wavemaker and ADB Ventures back Blue Whale in $4 million seed round

Wavemaker and ADB Ventures back Blue Whale in $4 million seed round

Singapore startup Blue Whale raised $4 million in a seed funding round.

The investors were Wavemaker and ADB Ventures.

Blue Whale is building a network of batteries across Singapore.

The network is intended to free up capacity on the electricity grid.

The funding gives the startup backing for its work, though no specific plans for how it will use the money were stated.

The sources do not say when the battery network will be completed or what happens next.

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