On November 7, 2022 Upstart Power, Inc. closed the transaction. The company has received $17,000,000 in a round of funding led by new investor, ITOCHU Corporation. The transaction also included participation from returning investors, Enphase Energy, Inc., Sunnova Energy International Inc., Rodgers Capital Inc., H+ Partners, and Cricetus Felix Ventures.

The company has received $16,950,000 pursuant to exemption provided under Regulation D from 8 investors .