# Marel Power Solutions funding: rounds and investors > Marel Power Solutions has raised $1.9M across 3 rounds since 2024. Investors include National Science Foundation, US Department of Energy and Michigan Rise. Source: https://millionrounds.com/company/marel-power-solutions (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Marel Power Solutions* 3 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Energy Hardware & Electronics Semiconductors Raised 2 months ago Funding summary Updated 26 Oct 2026 **$1.9M** raised across 3 rounds since 2024, from 4 sources **$50K** Grant **$1.9M** Grant - **Latest round:** Grant, $1.9M Sept 2026 - **Step-up i:** 38× - **Investors:** 4 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 2026 **$50K** Grant **?** Round **$1.9M** Grant - **First round:** Grant, $50K - **Biggest round:** $1.9M - **Usual gap between rounds:** 14 months ## The rounds - **Sept 2026** Grant **$1.9M** *3 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Michigan Rise](https://millionrounds.com/fund/michigan-rise) Source recorded - **Jul 2025** Round **Amount undisclosed** *1 new* [Semilla Ventures](https://millionrounds.com/fund/semilla-ventures) Lead Reported by Firms' own news pages and 1 other - **Dec 2024** Grant **$50K** *3 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Michigan Rise](https://millionrounds.com/fund/michigan-rise) Source recorded ## Founders and team From Marel Power Solutions's own website: 3 on the team. - **Amrit Vivekanand** Chief Executive Officer - **Garry Miller** Chief Operating Officer - **Ian Byers** Chief Technology Officer ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Grant** 2024 **Round** 2025 **Grant** 2026 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Michigan Rise](https://millionrounds.com/fund/michigan-rise) [Semilla Ventures](https://millionrounds.com/fund/semilla-ventures) L ## Everyone who backed them [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **2** rounds [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **2** rounds [Michigan Rise](https://millionrounds.com/fund/michigan-rise) VC firm **2** rounds [Semilla Ventures](https://millionrounds.com/fund/semilla-ventures) VC firm **1** round, led 1 Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=marel-power-solutions). ## Also claim to have backed them This firm lists Marel Power Solutions as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [K2X Capital](https://millionrounds.com/fund/k2x-capital) VC firm Per its own site ## Quick answers about Marel Power Solutions ### Who invested in Marel Power Solutions? Marel Power Solutions's investors include National Science Foundation, US Department of Energy, Michigan Rise and Semilla Ventures. ### How much has Marel Power Solutions raised? Marel Power Solutions has raised $1.9M across 3 rounds since 2024. One round did not disclose an amount, so the total is a floor. ### When did Marel Power Solutions last raise? Marel Power Solutions's most recent round was a Grant of $1.9M in Sept 2026. ### What was Marel Power Solutions's biggest round? Its most recent round, $1.9M in Sept 2026, is also its largest on record. ### Who backed Marel Power Solutions first? Marel Power Solutions's first round on record, in Dec 2024, was backed by National Science Foundation, US Department of Energy and Michigan Rise. ### What stage is Marel Power Solutions at? Marel Power Solutions's latest named round is a Grant, in Sept 2026. ### Where is Marel Power Solutions based? Marel Power Solutions is based in the United States. ### Who led Marel Power Solutions's rounds? Semilla Ventures led the funding round in 2025. ## Companies like Marel Power Solutions In the same sector, and raised in the last eighteen months. [**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app