# PowerX funding: rounds and investors > PowerX has raised $25M across 2 rounds since 2023. Investors include Y Combinator, Antler and Liquid 2 Ventures. Every round with its source. Source: https://millionrounds.com/company/powerx (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *PowerX* 2 rounds we have observed, with the 8 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. AI Funding summary Updated 26 Oct 2026 **$25M** raised across 2 rounds since 2023, from 2 sources **$4.0M** Seed **$21M** Series C - **Latest round:** Series C, $21M Mar 2025 - **Step-up i:** 5.3× - **Investors:** 8 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. 2024 2025 **$4.0M** Seed **$21M** Series C - **First round:** Seed, $4.0M - **Biggest round:** $21M - **Between rounds:** 22 months ## The rounds - **Mar 2025** Series C **$21M** *4 new* [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) [MUFG Bank](https://millionrounds.com/fund/mufg-bank) [Spiral Capital](https://millionrounds.com/fund/spiral-capital) [Shoko Chukin Bank](https://millionrounds.com/fund/shoko-chukin-bank) Source recorded - **May 2023** Seed **$4.0M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Antler](https://millionrounds.com/fund/antler) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) Source recorded ## Founders and team From PowerX's own website: 12 on the team. - **Corporate Governance** Director, President & CEO - **Deepak Raut** Engineering and Research Executive Officer & CTO - **Yusuke Kojima** Engineering and Research Executive Officer & CTO - **Caesar Sengupta** External Director - **Hideyuki Onishi** Corporate Officer - **Hiroyuki Yoshihara** EV Charging Business Executive Officer - **Kohei Morii** Power Business Executive Officer - **Mark Tercek** External Director - **Masahiro Ito** Chairman of the Board - **Mitsugu Serizawa** External Director - **Tatsuya Sakuma** Executive Officer - **Toshiyuki Fujita** BESS Business Executive 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. **Seed** 2023 **Series C** 2025 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Antler](https://millionrounds.com/fund/antler) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) [MUFG Bank](https://millionrounds.com/fund/mufg-bank) [Spiral Capital](https://millionrounds.com/fund/spiral-capital) [Shoko Chukin Bank](https://millionrounds.com/fund/shoko-chukin-bank) ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Antler](https://millionrounds.com/fund/antler) VC firm **1** round [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) Private equity **1** round [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) VC firm **1** round [MUFG Bank](https://millionrounds.com/fund/mufg-bank) Investment firm **1** round [Spiral Capital](https://millionrounds.com/fund/spiral-capital) VC firm **1** round [Shoko Chukin Bank](https://millionrounds.com/fund/shoko-chukin-bank) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=powerx). ## Quick answers about PowerX ### Who invested in PowerX? PowerX's investors include Y Combinator, Antler, Liquid 2 Ventures, Pioneer Fund and Mizuho Capital, and 3 more on record. ### How much has PowerX raised? PowerX has raised $25M across 2 rounds since 2023. ### When did PowerX last raise? PowerX's most recent round was a Series C of $21M in Mar 2025. ### What was PowerX's biggest round? Its most recent round, $21M in Mar 2025, is also its largest on record. ### Who backed PowerX first? PowerX's first round on record, in May 2023, was backed by Y Combinator, Antler and Liquid 2 Ventures and 1 others. ### What stage is PowerX at? PowerX's latest named round is a Series C, in Mar 2025. ### Where is PowerX based? PowerX is based in the United States. ## Companies like PowerX In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**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