Former Tesla executive Drew Baglino Report.
The report said the new company, Heron Power, is raising $30 million to $50 million for Series A, with the COSCO Investment Group set to lead the way.
Baglino is a long-time Tesla employee, starting in 2006, for two years Elon Musk took over as CEO. He was promoted to the rankings, designing the powertrain and leading engineering for Tesla’s battery storage products, and was then appointed Senior Vice President of Powertrain and Energy.
Barlino leaves Tesla Last AprilMeanwhile, the company abandoned 10% of its employees.
When he founded Heron Power, Baglino was addressing part of a grid that hadn’t seen much innovation in over a century. At that time, Transformers remained largely unchanged and had been commoditized, with most of them being sent overseas now.
Solid-state transformers are more capable than existing transformers and can regulate voltage drops generated by solar panels and wind turbines. They are also more compact, allowing rapid transition from one source of power to another, and can be actively managed, thereby improving grid stability.
The power of the heron is not the only startup that wants to shake the transformer market. Singapore’s Anjiao In the process of proposing series A After closing $12.5 million seed wheel In early 2024. Like Herons, Anjiao and Ames also listed Tesla alumni as their administrative team.
