Funding will equip California factory for low-volume production and accelerate pilots with utilities and labs

New capital follows successful $2.1 million RegCF campaign

NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Qnetic, a world leader in long-duration flywheel energy storage systems, has closed a $5 million (USD) funding round, its largest capital raise to date. Combined with last year's $2.1 million equity crowdfunding campaign, Qnetic has raised $7.1 million in the past 12 months. Earlier RegCF investors have already seen approximately 25% asset appreciation after conversion to equity.

Why this matters nowUtilities and grid operators face growing pressure to integrate renewables while maintaining reliability. Qnetic's solid-state mechanical batteries deliver decades of life, unlimited daily cycling, and no thermal-runaway risk, offering a safer, lower total lifetime cost alternative to lithium-ion for long-duration, high-cycling applications.

The capital will be used to:

Fit out Qnetic's California manufacturing center for low-volume production of the Q500

Support multiple ...