💨 Abstract
Former Tesla executive Drew Baglino has founded a new startup, Heron Power, which is developing solid-state transformers for the electric grid. The company is raising between $30 million to $50 million for a Series A, with Capricorn Investment Group leading the round. Baglino, a long-time Tesla employee, left the company last April, around the same time Tesla laid off 10% of its staff.
Courtesy: techcrunch.com
Summarized by Einstein Beta 🤖
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