Copper has raised $28 million in funding to expand its battery-equipped induction stoves and accelerate electrification in the clean appliances market, marking a strong bet on climate tech and the B2B market.

Copper funding, led by Prelude Ventures, highlights investor confidence in the company’s ability to disrupt the cooking industry with induction stoves. The latest $28 million infusion will help the Berkeley-based startup scale its manufacturing operations and launch new products that enhance electrification in households and commercial properties.

Investors Building Ventures, Voyager, Collaborative Fund, Climactic, Designer Fund, Necessary Ventures, Leap Forward Ventures, and Climate Capital also participated in the round, demonstrating broad support for clean appliances that align with federal and state climate technology incentives.

Why Battery-Equipped Induction Stoves Matter

Copper’s induction stoves plug directly into standard 120-volt outlets, eliminating the costly electrical upgrades that typically slow electrification efforts. With this funding, Copper plans to position its stoves as both consumer-friendly products and scalable B2B solutions.

CEO and co-founder Sam Calisch explained that Copper funding enables the company to meet rising demand for induction stoves across the B2B market, particularly in multi-unit buildings. Building owners face steep costs when replacing outdated gas infrastructure, but Copper’s technology provides an affordable alternative.

The stove’s built-in battery allows users to cook even during blackouts and shift energy use when grid power is expensive or dirty. This innovation brings induction stoves to the intersection of electrification and climate technology, creating new opportunities in distributed energy storage.

Copper has already shipped 1,000 units and secured a contract with the New York City Housing Authority to deploy 10,000 stoves. The funding round supports scaling production while strengthening the company’s presence in the B2B market for clean appliances.

Looking Ahead: Beyond Induction Stoves

While Copper funding currently powers induction stoves, the company is preparing to expand into other clean appliances. Calisch hinted at opportunities in HVAC systems and water heating, both of which are critical to electrification and reducing reliance on gas.

The company is also collaborating with California’s Demand Side Grid Support Program, demonstrating how induction stoves can serve as distributed energy storage to reduce reliance on gas-fired peaker plants. This positions Copper not only as a clean appliance provider but also as a climate tech innovator, shaping the future of energy resilience.

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