Torus Secures $67M Funding for Energy Solutions Expansion

Torus, headquartered in Salt Lake City, Utah, has successfully raised $67 million in funding. Origin Ventures spearheaded the investment round, joined by Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, and ICONIQ. The influx of capital is earmarked for bolstering operational capabilities, expanding the company’s energy solutions portfolio across commercial and large-scale utility sectors, and augmenting its team with top talent.

Under the leadership of CEO and Founder Nate Walkingshaw, Torus operates as a leading global provider of energy solutions. The company specializes in designing, engineering, and manufacturing energy storage and management products tailored for residential, commercial, and large-scale utility applications.

Nate Walkingshaw expressed enthusiasm about the funding, stating, “We are pleased to have Origin Ventures at the helm of this equity financing. Torus continues to make significant advancements in energy storage and management technologies. Our commitment to designing, engineering, and manufacturing energy solutions domestically underscores our dedication to innovation. Strategic alliances with industry leaders like the Rocky Mountain Power ‘Wattsmart’ program and collaborations with Vivint Smart Home, supported by financing partners Sungage and Banterra Bank, empower communities to embrace energy storage solutions. This funding represents a significant stride toward a future where renewable energy storage and management are accessible to all.”

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