Exowatt, a next-generation renewable energy company, today announced $50 million in additional funding to expand U.S. manufacturing and accelerate deployments of its Exowatt P3 systems to energy'intensive AI data centers and power-hungry industrial sites throughout the nation. The new capital builds on strong market traction and prior financings, reflecting growing demand for reliable, quick-to-market, sustainable power as the AI revolution reshapes U.S. electricity needs.

The $50 million capital investment was led by MVP Ventures and 8090 Industries and is an extension to Exowatt's April 2025 $70 million Series A round led by Felicis, a leading venture capital firm in Silicon Valley, which also contributed. Additional investors for this extension include The Florida Opportunity Fund, DeepWork Capital, Dragon Global, Massive VC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic, and Bay Bridge Ventures. Exowatt's initial seed round of $20 million included notable angel investors Sam Altman, CEO of Open AI, and actor and environmentalist Leonardo DiCaprio.

Exowatt is a next-generation renewable energy company providing modular energy solutions tailored for energy-intensive applications like data centers. Founded in 2023 by Hannan Happi and Atomic CEO Jack Abraham, Exowatt's mission is to make sustainable renewable energy always available and almost free.