Caban develops and deploys Energy-as-a-Service (EaaS) offerings built around lithium-ion battery packs, energy storage systems, and energy management hardware and software. Through its EaaS model the company designs, installs, and operates clean energy infrastructure while clients pay a fixed energy and O&M fee, enabling customers to reduce energy costs and carbon footprint without capital ownership. Its systems are designed to provide reliable primary and backup power, reduce fossil fuel consumption and maintenance visits, and lower overall operating costs while improving reliability. Caban designs, manufactures, and tests its energy management systems at a primary facility in Plano, Texas, and has deployed solutions across 12 countries with long-term contracts with major telecommunications companies and a recent project with Digicel. The company is actively expanding deployments across Central and South America, the Caribbean, and the United States. Financially, Caban is accelerating growth after a new capital raise and additional project finance and debt facilities to support further EaaS rollouts and product innovation. Caban Systems is a renewable energy services company that offers end-to-end solutions for critical infrastructure, leveraging proprietary lithium-ion energy storage technology, intelligent remote monitoring software, and an integrated Energy-as-a-Service offering. Its solutions are designed to reduce operational expenses and increase uptime. The company is powering over 500 customer sites across 10 countries and has more than 1,400 additional sites under contract. Caban intends to use its new funding to scale domestic battery manufacturing capacity, broaden its product and service offerings, and expand into global markets. The company was founded in 2018 by Alexandra Rasch Castillo and Brian Pevear and is based in Burlingame, California. It raised $51M in a Series B to support this growth. Caban Systems produces end-to-end, software-enabled energy storage and management solutions tailored to telecommunications sites, combining long-life lithium-ion storage hardware, energy management hardware, and cloud-based remote monitoring. The company offers a fully integrated Energy-as-a-Service (EaaS) product and a solar-plus-storage solution that replaces legacy lead-acid batteries and diesel generators to cut operating costs and carbon emissions while improving reliability. Its patent-pending multi-tenant energy management capabilities optimize energy usage, improve billing accuracy, and refine forecasting for operators. Caban plans to increase manufacturing capacity, scale its EaaS offering, and accelerate delivery of clean, distributed energy solutions to the global digital infrastructure sector. The company is based in Burlingame, California, and all hardware is designed and manufactured by Caban. Industry context in the article notes ~90% of mobile towers require back-up power and lithium-ion penetration is projected to rise from ~10% today to ~65% by 2030, underpinning demand for Caban’s products.

Total raised

$136M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2025