Decentralized energy network Starpower completes $2 million Pre-Seed round of financing, with participation from Bas1s Ventures and others

Decentralized energy network Starpower announced the completion of a $2 million Pre-Seed financing round, with participation from investors including Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors such as Max Jungreis, Head of Digital Asset Investment at Plug and Play, Shen Bo, Founder of Distributed Capital, and Sal Gala, Founder of Escape Velocity. Starpower uses the DePIN model to connect energy-consuming devices such as air conditioners, batteries, and electric vehicles, establishing a dispatchable energy management network to improve energy efficiency, reduce grid fluctuations, and accelerate global energy transformation.