Amsterdam’s SET Ventures-backed Instagrid raises €28.8M to offer mobile power supply from renewable sources

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Ludwigsburg-based Instagrid, a provider of portable battery storage to create mobile power infrastructures, announced on Wednesday that it has raised $33M (approx €28.88M) in its Series B round of funding. The company has now raised a total funding of more than $45M (approx €39.39M).

Investors

The round was led by Energy Impact Partners (EIP), a US-based venture capital firm that invests in businesses building a sustainable future. 

Matthias Dill, Managing Partner at Energy Impact Partners, says, “Mobile power-generation through combustion engines is as big of a problem as passenger cars and has been overdue for disruption. We have been very impressed by Sebastian and Andreas, who have engineered the best product in the market and scaled Instagrid rapidly. We are proud to support their global expansion.”

Existing investors, including SET Ventures, Segnalita Ventures, blueworld group, High-Tech Gründerfonds, and Wille Finance AG also participated in this round. Amsterdam-based SET Ventures invests in European technology companies that positively impact the energy system transition. 

Pierre-Pascal Urbon, the chairman of the advisory board and the former CEO of listed solar electronics specialist SMA, also invested in the startup.

Capital utilisation

Instagrid claims that it will use the fresh funds to accelerate its international expansion in Europe and the US. In addition, the battery platform will expand to include digital services and connectivity, enabling smart, customised energy solutions in the future.

Sebastian Berning and Andreas Sedlmayr, founders of Instagrid, says, “We are delighted to help make the transition to sustainable energy even more effective with the new funds. Mobile battery storage systems add speed and flexibility to the energy transition and will enable the electrification of many sectors of the economy in the first place.”

What does Instagrid offer?

Founded in 2018 by Andreas Sedlmayr and Sebastian Berning, Instagrid specialises in mobile off-grid batteries, driving the energy system transition for off-grid electricity, which is still dominated by combustion engines.

The company’s claimed high-performance battery makes it possible to use electricity from renewable sources in any location. Its technology replaces environmentally harmful combustion engines, such as those primarily used today for portable power for construction, events or off-grid areas.

The company wants to provide clean mobile power for the off-grid economy to power their work in a sustainable way. Every year, 50 million fossil-fueled combustion engines are sold. So far, this segment has received little attention in the energy transition, despite generating high CO2 and pollutant emissions. Instagrid claims to reduce CO2 emissions by up to 85 per cent over the entire product life-cycle.

Instagrid’s product, Instagrid ONE, provides professionals in sectors such as construction, events or public safety with reliable and efficient access to electricity to replace highly polluting generators.

As a sustainable alternative to combustion engines, Instagrid counts many of Europe’s leading construction companies and service and infrastructure providers as customers. These include Strabag, Skanska Rental and the Swiss Federal Railways (SBB). SBB uses Instagrid for building and maintaining its tracks, replacing diesel generators.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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