“Cactos Raises $28.5M to Build Energy Storage Systems with Old Tesla Batteries”

Finnish Energy Storage Startup Raises €26M in Fresh Funds

Finnish energy storage startup, Cactos, has secured €26 million ($28.5 million) in fresh funding. The company, founded in 2021, specializes in building energy storage systems using both recycled Tesla batteries and new batteries. This latest injection of capital will enable Cactos to further develop and roll out its innovative storage technology.