Fundraising Fox

Heron Power

California, US · Founded 2024 · 111 employees on LinkedIn · 9 known investors

Heron Power develops power electronics and energy storage systems, leveraging expertise in software and manufacturing. The company is led by Drew Baglino, former Tesla executive responsible for battery and power systems development.

CleantechDeep TechEnergyHardware

Founders & leadership

Heron Power was founded in 2024 by Drew Baglino.

DB
Drew BaglinoFounder and CEO

Investors · 9

Andreessen Horowitz✓ verifiedMenlo Park · $500K – $50M
Breakthrough Energy VenturesBoston · $500K – $50M
Congruent VenturesSan Francisco · $100K – $5M
Energy Impact PartnersNew York · $5M – $20M
Gigascale CapitalPalo Alto
Capricorn Investment GroupreportedNew York

Also in the syndicate · 3

Andreessen Horowitz’s (a16z) American Dynamism FundleadAndreessen Horowitz’s American Dynamism FundleadValor Atreides AI Fund

Funding

SEC filings, press & company announcements

$140M disclosed across 1 of 3 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 2

by search overlap
Latitude Media20 shared keywordsLatitude Media is a news publication covering energy, climate technology, and government policy, including reporting on federal funding, the Department of Energy, and clean energy projects.
Form Energy15 shared keywordsForm Energy develops and manufactures low-cost, multi-day iron-air battery systems for long-duration energy storage on the electric grid, serving utilities and project developers primarily in the United States. Founded in 2017, it has begun expanding internationally with its first project in Ireland.

Companies competing with Heron Power for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Heron Power raises $140M to modernize electrical… | Canary Mediacanarymedia.com · Feb 2026Ex-Top Tesla Engineer Raises $140 Million To Rewire The Electric Gridforbes.com · Feb 2026Heron Power raises $140M to build 40GW US solid-state transformer manufacturing facility - SiliconANGLEsiliconangle.com · Feb 2026Heron Power Raises $140 Million to Build a Next-Generation Power Grid in Series B Co-led by Andreessen Horowitz, Breakthrough Energy Venturesglobenewswire.com · Feb 2026Heron Power raises $140M to ramp production of grid-altering tech | TechCrunchtechcrunch.com · Feb 2026Heron Power Raises $38M Series A to Accelerate an All-Electric Futureglobenewswire.com · May 2025

Frequently asked questions

What does Heron Power do?
Heron Power develops power electronics and energy storage systems, leveraging expertise in software and manufacturing. The company is led by Drew Baglino, former Tesla executive responsible for battery and power systems development.
Who founded Heron Power?
Heron Power was founded by Drew Baglino in 2024.
Who are Heron Power's investors?
Heron Power's investors include Andreessen Horowitz, Breakthrough Energy Ventures, Congruent Ventures, Energy Impact Partners, Gigascale Capital, Capricorn Investment Group.
How much funding has Heron Power raised?
Heron Power has disclosed $140M raised across 1 of its 3 known rounds.
Where is Heron Power headquartered?
Heron Power is headquartered in California, US.