Union Square Ventures invests in Finnish battery company Cactos, which offers innovative vertically integrated energy storage solutions to meet the growing demand for cleaner power management.

Target Information

Cactos is a Finnish company that specializes in battery energy storage solutions. The company utilizes a vertically integrated business model, controlling all aspects of its energy storage systems—from battery pack assembly to battery management systems. This approach allows Cactos to offer a seamless experience for its customers, ensuring that all components work together efficiently, which is especially crucial in the fast-evolving energy market.

Moreover, Cactos has developed a unique financing model that significantly lowers the initial investment required by commercial and industrial customers (C&I). By offering their Battery Energy Storage System (BESS) with minimal upfront costs and a manageable monthly fee, Cactos makes it easier for clients to adopt their technology, thus enhancing energy reliability while hedging against market volatility.

Industry Overview in Finland

The renewable energy sector in Finland has been growing rapidly, driven by both government policies and market demands for cleaner energy solutions. Solar and wind energy have emerged as key sources of renewable power in the country, with significant