Netherlands-based Big Ass Battery, a high-tech scale-up that creates and manufactures energy storage systems, announced that it has raised equity growth funding from YARD ENERGY Group. The investment amount has not been disclosed.
As per YARD ENERGY’s website, it typically commits between €500K and €2.5M, and targets Series A and B equity rounds.
According to a statement, both Dutch companies are crucial to the energy shift. With years of expertise in the planning and execution of wind energy projects, YARD ENERGY has gained a portfolio of scale-up investments that are crucial to the energy shift.
With this deal, Big Ass Battery is moving closer to reaching its objective of growth and, after being founded two years ago, is now ready to expand.