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Venture Capital
rodagroup.com

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Investments

50

Portfolio Exits

10

Funds

27

About Roda Group

Roda Group is a venture capital firm that invests in entrepreneurs who are involved in the climate change space.

Roda Group Headquarter Location

918 Parker Street Suite A-14

Berkeley, California, 94710,

United States

510-649-2182

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Latest Roda Group News

Gridtential Closes $12M Funding, Electrifies Market With Advanced AGM Battery Breakthrough

Apr 28, 2021

Inexpensive, recyclable lithium-ion alternative poised to transform transportation and home power storage SANTA CLARA, Calif., April 27, 2021-- Gridtential Energy, the creator of advanced AGM battery technology Silicon Joule™, today announced $12M in financing led by 1955 Capital with participation from Silicon Valley Bank, August Capital cofounder David Marquardt, ReneSola CEO Yumin Liu and existing investors East Penn Manufacturing, Crown Battery and the Roda Group joining as well. The latest funding will support a new production line of advanced lead reference batteries, including the world's first factory-ready single-block 24V deep-cycle lead battery, made possible by Gridtential's patented, solar-inspired Silicon Joule technology, Gridtential has raised $28M to date, requiring significantly less capital than other battery companies to reach commercial production. Gridtential created Silicon Joule as a revolutionary alternative to lithium-ion based on readily available lead-battery technology and solar materials. Silicon Joule replaces the metal grids in conventional lead batteries with specially processed silicon wafers and an innovative stacked-cell architecture to reduce weight, increase power performance and extend cycle life, achieving new levels of performance while maintaining lead's significant cost advantages. Silicon Joule batteries charge up to two times faster, last more than four times longer and weigh up to 30% less than conventional lead batteries. Plus they maintain the thermal stability and 99% recyclability of the conventional technology, creating a clear safety and sustainability advantage over lithium-ion. Better yet, Silicon Joule batteries can be manufactured leveraging existing production equipment, so they're ready today to meet the worldwide demand for safe and sustainable energy storage. Major manufacturers East Penn, Crown and Leoch are fully licensed to mass-produce Silicon Joule batteries, and nine more manufacturing partners — most international — are piloting the technology. Several have already produced batteries off lines in their factories. "Gridtential is addressing key challenges in the future of transportation and energy storage systems. High-performance, long-lasting batteries will power tomorrow's mobility in dense urban areas, especially in developing economies," said Andrew Chung, founder and managing partner at 1955 Capital. "We're eager to introduce Silicon Joule to suppliers and other partners who can help Gridtential bring this vitally important technology to markets around the world." Silicon Joule's high performance, long life and light weight provides EV and hybrid-car manufacturers with a lower-cost, deep-discharge, rapid-recharge battery option for auxiliary batteries, drive-assist, start-stop and infotainment, helping manufacturers meet demand for affordable higher performance low-emissions vehicles. Silicon Joule is also ideally suited for personal mobility vehicles such as golf carts, scooters, e-bikes and e-tuk-tuks, as well as RVs and products that need to offer safe, long-lasting power at an affordable price, such as telecom backup or renewable energy storage systems in homes and offices. "Providing affordable energy storage to power homes and vehicles is an urgent priority. We can't afford to wait for technology that hasn't made it out of the lab," said John Barton, CEO of Gridtential. "With Silicon Joule, we can use today's battery manufacturing and recycling facilities to reduce vehicle emissions and put renewable energy storage into homes, in high volumes, right now." About Gridtential Energy Gridtential is the creator of Silicon Joule™, breakthrough advanced AGM battery technology that provides a lower-cost, safer, greener alternative to lithium-ion. Inspired by solar technology, Silicon Joule dramatically improves power density, discharge rate and cycle life while reducing weight by 30%, delivering superior performance for deep-cycle and power applications including personal electric vehicles, renewable energy storage systems and hybrid automotive. Gridtential Energy provides Silicon Joule™ reference batteries, development kits, bipolar materials and non-exclusive licenses, enabling manufacturing partners to easily adapt their factories to provide high-performing, higher voltage 24V, 36V & 48V batteries to their customers for the hybrid-automotive, Low-Speed EV (LSEV), energy storage system (ESS) & telecom backup markets, all without gigascale capital investments. Silicon Joule is in use today by 12 battery partners and several OEMs. Based in Santa Clara, CA, Gridtential's investors include The Roda Group and 1955 Capital. Contact:

Roda Group Investments

50 Investments

Roda Group has made 50 investments. Their latest investment was in Axine Water Technologies as part of their Series C - II on September 9, 2021.

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Roda Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/10/2021

Series C - II

Axine Water Technologies

$0.07M

No

1

4/27/2021

Convertible Note

Gridtential Energy

$12M

No

14

2/2/2021

Series D

Svante

$75M

No

19

8/12/2020

Series C

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$99M

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10

6/25/2019

Series C - III

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$99M

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10

Date

9/10/2021

4/27/2021

2/2/2021

8/12/2020

6/25/2019

Round

Series C - II

Convertible Note

Series D

Series C

Series C - III

Company

Axine Water Technologies

Gridtential Energy

Svante

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Amount

$0.07M

$12M

$75M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

14

19

10

10

Roda Group Portfolio Exits

10 Portfolio Exits

Roda Group has 10 portfolio exits. Their latest portfolio exit was mOasis on July 01, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/1/2020

Asset Sale

1

6/5/2018

Acquired

$99M

2

6/15/2011

IPO

$99M

6

3/21/2011

Acquired

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10

12/31/2010

Acquired

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10

Date

7/1/2020

6/5/2018

6/15/2011

3/21/2011

12/31/2010

Exit

Asset Sale

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

2

6

10

10

Roda Group Fund History

27 Fund Histories

Roda Group has 27 funds, including Roda Group Clean Tech Fund XVII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/7/2015

Roda Group Clean Tech Fund XVII

Multi-Stage Venture Capital

Open

$0.5M

1

12/31/2014

Roda Group Clean Tech Fund XII

Multi-Stage Venture Capital

Closed

1

12/31/2013

Roda Group Clean Tech Fund X LLC

Multi-Stage Venture Capital

Closed

1

12/31/2013

Roda Group Clean Tech Fund XI LLC

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10

12/31/2012

Roda Group Clean Tech Fund VIII

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10

Closing Date

4/7/2015

12/31/2014

12/31/2013

12/31/2013

12/31/2012

Fund

Roda Group Clean Tech Fund XVII

Roda Group Clean Tech Fund XII

Roda Group Clean Tech Fund X LLC

Roda Group Clean Tech Fund XI LLC

Roda Group Clean Tech Fund VIII

Fund Type

Multi-Stage Venture Capital

Multi-Stage Venture Capital

Multi-Stage Venture Capital

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Status

Open

Closed

Closed

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Amount

$0.5M

Sources

1

1

1

10

10

Roda Group Team

4 Team Members

Roda Group has 4 team members, including current Managing Director, Dan Miller.

Name

Work History

Title

Status

Dan Miller

IAC

Managing Director

Current

Angela Dunn

Chief Financial Officer

Former

Mary A Rorabaugh

Chief Financial Officer

Former

Gretchen Knoell

Backstage Capital, Lake Street Capital, Digital Island, Bear Stearns, and Needham & Company

Managing Director

Former

Name

Dan Miller

Angela Dunn

Mary A Rorabaugh

Gretchen Knoell

Work History

IAC

Backstage Capital, Lake Street Capital, Digital Island, Bear Stearns, and Needham & Company

Title

Managing Director

Chief Financial Officer

Chief Financial Officer

Managing Director

Status

Current

Former

Former

Former

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