Berlin-based ClimateTech startup, ampere.cloud received €5 million in a Series A financing round

ampere.cloud, a Berlin-based ClimateTech startup, has received €5 million in Series A financing.

Point Nine Capital which is based in Berlin led the funding round. Existing investors including the Berlin Angel Fund and Flensburg-based HGDF Familienholding GmbH & Co. KG took part in the funding round.

ampere.cloud will grow throughout Europe with the new financing. Additionally, the funds will aid in advancing its product creation and growth. Additionally, the startup is investing more in its operating system for the automated administration and monitoring of renewable energy assets.

ampere.cloud CEO Frederik Merz said, “The backing of such renowned investors, both old and new, thrills us. Our commitment to our goal of enabling the energy transition is stronger than ever. With the help of this most recent round of funding, we will be able to accelerate product development, increase our technological capacity, and introduce our solutions to new markets, completely changing the global energy market.”

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Pawel Chudzinski, a Partner at P9, expressed his excitement at partnering with ampere.cloud in their endeavor. “With their cutting-edge technology, ampere.cloud aims to simplify and reduce the cost of deploying and operating solar energy sources. Therefore, the company has a strong position for achieving substantial growth and success. The prospect of the future excites us.

Head of Investment Management at HGDF Marius Dethleffsen said, “ampere.cloud has been a great investment for us. “We are thrilled to increase our investment and support their mission to revolutionize the energy sector because we have seen the company’s tremendous growth and potential.”

Frederik Merz, Florian Strunck, and Erik Nitschke founded ampere.cloud in 2019. The business was founded to access the multi-billion dollar green energy market and transform the energy sector. Furthermore, it is creating the framework for green energy which will facilitate the shift to a future of sustainable energy.

Owners and operators of renewable energy facilities can manage their complete portfolios on a single platform and improve efficiency with the help of its operating system. The platform links the value chain and offers automated monitoring. Additionally, it provides energy trading connections and IoT-based remote management for operators. Moreover, it also offers on-site support for operators.

The platform from ClimateTech startup ampere.cloud allows renewable energy businesses to expand while automating plant operations. It helps stabilize local grids and balance the supply and demand of fluctuating energy production by creating a connection between the plants and local grid operators and providing remote control to the energy markets. In a world where green energy sources predominate in the future, these are crucial to preventing blackouts.

Image Credit: ampere.cloud