Glow (HF0 F23) raises $30M from @hiFramework & @usv https://t.co/HWn67AclbS
[COINTELEGRAPH] DePIN Glow secures $30M from Framework Ventures, USV
Depin Glow secures $30M from Framework Ventures and USV to expand solar grid in India, aiming to power 34,000 households.
Glow, an Ethereum-based solar project, has successfully raised $30 million in a funding round led by Framework Ventures and Union Square Ventures (USV). The project aims to decentralize the electric grid by replacing grid electricity with solar energy. Since July, Glow has added 40 solar farms with 11,584 panels, generated $2 million in new protocol fees, created nearly 100 carbon credits, and quadrupled its energy production in kilowatt-hours. The funding will help Glow expand its solar grid in India, with the goal of powering 34,000 households. Glow is ranked as the number one DePIN by ARR according to DePIN Ninja. Fortune Magazine covered the news.
