Former Tesla exec Drew Baglino’s new startup is rethinking the electrical transformer

Here’s a summary based on the provided information:

Startup Information

• Startup Name: Heron Power
• Founders: Drew Baglino

Fundraising Details

• Series: Series A
• Amount Being Raised: Between $30 million to $50 million
• Lead Investor: Capricorn Investment Group
• Date of Fundraise: Not specifically mentioned, but the news is from April 2025.

Additional Context

• Previous Company: Tesla
• Founder Background: Drew Baglino was a senior vice president at Tesla, involved in powertrain and energy engineering.

Competitors

• Other Startup: Amperesand
• Notable Fundraising: Closed a $12.5 million seed round in early 2024.

This captures the key points regarding funds, founders, and fundraising efforts related to Heron Power.

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2025-04-07 17:54:48