Voya Energy
Summary Updated Sep 3, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Voya Energy is a Hayward, California-based clean energy startup building metal-fueled distributed power systems that generate electricity from recycled aluminum 12. The company was incubated by Energy Impact Partners alongside co-founders Richard Wang, Matt Horton, and Steven Kaye 3. Voya positions its aluminum-based generators as a scalable alternative to diesel gensets for behind-the-meter and edge power applications 13.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-26 | Series A | $35M | Energy Impact Partners | Founders Fund, John Doerr, MANTIS Venture Capital, Overmatch Ventures, Seven Stars, StepStone Group 123 |
What Investors Say
Shayle Kann (Managing Partner, Energy Impact Partners): “The team has made remarkable progress turning that vision into a commercial reality, and we are thrilled to continue supporting the company as it moves toward deployment.” 1
Shayle Kann, on the diesel-genset displacement thesis: “Ask any user of a diesel generator, and they’ll tell you all the reasons these things need replacing.” 3
John Doerr (Founder, Doerr Capital): “Meeting that demand requires new technologies that can deliver clean, firm power at speed and scale.” 1
What Founders Say
Richard Wang (Co-Founder & CEO): “Electricity demand is rising faster than the grid can expand, and businesses cannot afford to wait years for the power they need.” 1
Richard Wang, on the market opportunity: “The market for diesel generators is surprisingly large. It’s this sort of invisible entity that backs up the whole globe’s energy system.” 3
Sources
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Voya Energy press release, “Voya Energy Unveils a New Metal Fuels Energy System, Closes $35 Million Series A,” August 26, 2026. Accessed September 3, 2026. https://www.voya.energy/news/voya-energy-unveils-a-new-metal-fuels-energy-system-closes-35-million-series-a↩↩↩↩↩↩
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AlleyWatch, “The Weekly Notable Startup Funding Report: 8/31/26,” accessed September 3, 2026. https://alleywatch.com/2026/08/the-weekly-notable-startup-funding-report-8-31-26/↩↩
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Latitude Media, “Catalyst: The rise of metal fuels,” August 27, 2026. Accessed September 3, 2026. https://www.latitudemedia.com/news/catalyst-the-rise-of-metal-fuels/↩↩↩↩↩