We are excited to announce our investment in Caban Systems.  Caban is a rapidly growing, next generation energy company that sells renewable batteries and software to telecom operators.  Caban’s solutions replace dirty diesel generators, provide near-grid and off-grid power sources for telecommunications, and over time, create an alternate and distributed power grid that is fully renewable and managed dynamically through a central, integrated SaaS platform.

Caban was founded by Alexandra Rasch and Brian Pevar.  Rasch set out to solve the problems of rolling brown outs and blackouts, something she had frequently encountered growing up in her native Guatemala. After a PhD at Berkely and time working at Kleiner Perkins and publicly listed battery company Proterra, with Pevar, the duo set out on their own to provide reliable and renewable power to telecommunications networks worldwide.

Caban currently operates in seven companies in Latin America and the US from their Silicon Valley headquarter.  With the Series B funding, Caban plans to rapidly grow sales across the US and other markets, forecasting tripe and quadruple digit growth rates over coming years and profitability in the medium term. Caban customers can take advantage of the incentives for renewable energy in the recently passed Inflation Reduction Act in the US Congress, which we expect to further drive demand. With the Series B funding, the company also plans to open a new manufacturing facility in Dallas to scale up to meet customer demand, creating many manufacturing jobs locally in the US.

BCP recently led Caban’s Series B round with a direct investment from our fund and a Co-Investment SPV with our LPs.  We were joined in the round by Verizon Ventures, Inspiration Ventures and other infrastructure and telecom funds.

We are incredibly excited to partner with Alexandra, Brian and team to provide sustainable power to all corners of the world!