Copper lands $28 million financing to scale technology behind world's first battery-equipped induction range

BERKELEY, Calif., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Copper started shipping its award-winning induction range last fall, officially launching a new category of battery-equipped home appliances. The internal battery not only gives a serious performance boost, but also supports the grid and avoids expensive electrical upgrades to buildings. Now, Copper is closing a $28 million Series A financing to expand its operations into new markets and products.

The financing, a combination of equity and debt, was led by Prelude Ventures, which invests in startups with the greatest potential to mitigate climate change. The round also includes Building Ventures, as well as existing investors Voyager, Collaborative Fund, Climactic, Designer Fund, Necessary Ventures, Leap Forward Ventures, and Climate Capital.

Copper has already shipped nearly a thousand of its ranges to customers around the U.S., with overwhelmingly positive response. NYT Wirecutter called it "the holy grail of induction," and the product garnered top honors from design outlets Core77 and the IDSA. Copper itself was one of Fast Company's ...