Eddy Grid, a Dutch startup focusing on the smart use of batteries combined with advanced energy management software, has raised a €1.5 million round led by the Graduate Entrepreneur fund, Herberth Samsom, alongside Rockstart’s Energy Fund and Volve Capital. In addition to these major investors, several leading angels have also joined, including Jan Saan of CM.com, Thijs Verheul and Sjuul Berden of United Wardrobe, and Bastiaan van de Rakt of WhyCommitCapital.
This capital will be utilized to expedite the growth of Eddy Grid. The team aims to further expand its offerings to serve customers more broadly and accelerate the rollout of collaborations, such as the Energy Hubs in partnership with Skoon Energy.
Founded in 2023, Eddy Grid is committed to ensuring the continuous availability of affordable green energy. This contributes to sustainable energy consumption and indirectly accelerates the electrification of mobility and industry. Eddy Grid supports a range of businesses, from SMEs to large industrial enterprises. Whether they face a power shortage, have surplus capacity on their contracted capacity, or own solar panels, Eddy Grid can help. Transparency is a fundamental principle in their approach.
Sam Rohn, CEO and co-founder of Eddy Grid, commented: “We are incredibly pleased that so many people are eager to help build a greener and more resilient world. There was an enormous amount of interest and support for our plans and confidence in our team. We believe that together with these experienced partners we can accelerate and increase our impact.”
In addition, Eddy Grid will start the Rockstart Energy accelerator program in February 2024.
Max ter Horst, Managing Partner at Rockstart Energy, said: “We are thrilled to have Eddy Grid on board in our portfolio and our accelerator program. They have an impressive team with strong commercial skills and a proven track record in building scalable businesses. Their energy management and storage solutions address the urgent pain of grid capacity limitations for C&I customers, which is reflected in their strong traction so far. We look forward to supporting Eddy Grid in expanding their business and impact on the energy transition.”
Auke van den Hout, Managing Partner at the Graduate Entrepreneur fund, added: “With Eddy Grid, companies can scale their access to energy while increasing OI on renewable investments. This is the way to a more sustainable future, a goal shared by the Graduate Entrepreneur fund.”
Read the orginal article: https://www.eu-startups.com/2024/01/utrecht-based-eddy-grid-lands-e1-5-million-to-accelerate-the-fight-against-grid-congestion/
