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Chariot Defense
Power and thermal management systems for defense electronics and autonomous platforms

Funding

$41.00M

2026

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Details
Headquarters
San Bruno, United States
CEO
Adam Warmoth
Website
Milestones
FOUNDING YEAR
2024

Valuation & Funding

Chariot Defense raised a $34M Series A led by Andreessen Horowitz in February 2026, bringing company-reported total funding to $41M. DCVC, LMNT, Marlinspike, Overmatch, Shield Capital, Ensemble, and Trenches Capital joined the round alongside existing investors General Catalyst and XYZ Venture Capital.

The company had previously raised an $8M seed round led by General Catalyst and XYZ in July 2025, with participation from Cubit Capital, Ravelin, Forward Deployed VC, Pax, New Vista, D3, and Brave Capital. Chariot has not disclosed a valuation for either financing.

Chariot plans to use the Series A to accelerate production, develop its operating system for commanding, controlling, and distributing battlefield power, and expand engineering across high-voltage energy storage, power electronics, and distributed systems.

Product

Chariot Defense builds portable power systems for military units operating beyond fixed electrical grids. Its Amphora products store, convert, and distribute energy for drones, sensors, communications equipment, command posts, electronic warfare systems, edge computers, and other power-intensive equipment at the tactical edge.

Amphora 24 is sized for smaller teams and vehicle-mounted operations, while Amphora 400 supports larger command-and-control and high-load applications. The systems accept energy from generators, vehicles, batteries, and other sources, then deliver it across high- and low-voltage outputs. Software monitors available energy, power draw, battery health, and mission needs so operators can allocate power without running every generator continuously.

Reducing generator runtime lowers fuel consumption and electronic, thermal, and acoustic signatures. Amphora can also absorb excess generator output and release it later in short, high-power bursts, which is useful for rapidly charging drones or activating radar and electronic-warfare equipment without maintaining a constant high-power source.

Chariot is developing an operating system for command, control, and distribution of battlefield power. Its planned Vanguard architecture extends the product line toward higher-voltage, larger-scale hybrid systems with greater range and output for multi-domain operations.

Chariot adapts commercial advances in high-voltage batteries, wide-bandgap power electronics, microcontrollers, and zonal control architectures to compact, rugged military systems. The company develops toward a "minimum useful product" standard: equipment must provide enough mission value that operators choose to carry it instead of an equivalent weight of food, water, or ammunition.

Business Model

Chariot sells integrated hardware and software to defense customers. Near-term revenue comes from Amphora unit sales, engineering and integration work, field support, and government development or deployment contracts. Chariot generated its first revenue within twelve months of founding, but it has not disclosed an absolute revenue figure. Its first production unit was sold to the 11th Airborne in Alaska as an equipment purchase rather than an R&D or demonstration contract, using a Defense Logistics Agency Troop Support contracting pathway while other contract vehicles were being established.

The systems are designed to be deployed alongside equipment already used by military units rather than require a new standalone energy network. That supports sales through unit-level trials, large-scale exercises, rapid-capability programs, and follow-on fleet procurement. Within three months of starting, Chariot tested at its first Naval Postgraduate School field exercise; within six months, it air-assaulted equipment into a force-on-force exercise.

The February 2026 Series A followed new sales and contracts with the U.S. Army, DIU Project GI, and commercial customers. A $7.6M Defense Innovation Unit contract awarded in August 2026 will deploy Amphora systems to U.S. Army brigades under the Portable Resilient Integrated Storage Module program.

Competition

Chariot competes with military generator suppliers, battery and microgrid vendors, vehicle power systems, and internal programs that combine components from multiple contractors.

Traditional tactical power

Diesel generators remain the default for expeditionary power because they are familiar, serviceable, and supported by existing fuel and maintenance systems. Caterpillar, Cummins, HDT Global, and military vehicle suppliers can offer ruggedized generation at scale. Chariot's advantage is coordinating storage and loads to reduce generator runtime, but buyers may prefer incremental upgrades to equipment already in inventory.

Batteries and mobile microgrids

Commercial battery companies and defense integrators can package cells, inverters, chargers, and controls into portable systems. GM Defense, Galvion, and other defense suppliers are developing electrification and silent-watch capabilities for vehicles and dismounted units. Chariot differentiates through software-defined power routing, field-driven product design, and modular use across several energy sources rather than a single battery pack.

Program and integration competition

Large defense primes can bundle power equipment into broader command, vehicle, radar, or autonomous-system procurements. Their installed relationships and contracting infrastructure create an advantage on programs of record. Chariot can move faster in exercises and rapid acquisitions, but it must convert those deployments into standardized procurement before larger contractors reproduce or integrate similar functionality.

TAM Expansion

Chariot can expand from portable batteries into a battlefield power infrastructure layer spanning individual squads, vehicles, command posts, bases, and autonomous systems.

Autonomous systems and directed energy

Drone fleets, counter-drone systems, radar, electronic warfare, and edge AI increase the amount and variability of power required near the front line. Amphora systems can buffer energy and deliver bursts for launch, charging, sensing, or effectors, creating demand alongside each new deployed platform rather than only through standalone energy programs.

Vehicle and base integration

Higher-voltage Vanguard systems can connect vehicle alternators, generators, solar arrays, batteries, and stationary loads into mobile microgrids. This extends Chariot from portable units into convoy, forward-base, disaster-response, and grid-resilience applications where reducing fuel use and generator signatures improves both cost and survivability.

Software and coalition interoperability

A common power operating system could monitor and control equipment from multiple vendors, giving commanders a real-time view of energy availability and mission endurance. Support for allied standards and exportable hardware would open international defense markets, while the same architecture can serve emergency-response and industrial customers operating in remote or unreliable-grid environments.

Risks

Procurement conversion risk: Exercise use and rapid-capability contracts do not guarantee broad programs of record. Chariot must move from field enthusiasm to budgeted, standardized procurement across units with long testing and contracting cycles.

Hardware scaling risk: Rugged power electronics and batteries must survive vibration, weather, heat, dust, transport, and inconsistent maintenance. Production defects or battery failures could damage trust quickly in safety-critical deployments.

Incumbent and integration risk: Generator manufacturers, vehicle suppliers, primes, and commercial battery vendors can add power-management software or bundle competing systems into larger contracts. Chariot must remain interoperable while preserving enough control of the system architecture to sustain differentiation and margins.

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