The world is slowly shifting its focus from conventional to renewable energy, which means we need systems in place to help with the inevitable transition. For decentralised renewable energy, one of the key challenges is to take stock of how the energy systems are managed. Taking on this challenge is the Amsterdam-based SaaS startup AMMP Technologies, which has now secured €1.15M from Zendesk and Typeform investors.
Expanding footprint and developing new solutions
The latest funding round for AMMP Technologies was led by Point Nine Capital, which is an early investor in B2B SaaS companies such as Zendesk and Typeform. In addition, Africa-focused Raba Partnership and Musha Ventures also participated in the funding round. The fresh capital will be utilised for expanding the company’s customer base and in further development of its solutions. In particular, this will be realised by adding more vendor integrations, forging partnerships and by launching a solution targeted at energy for telecoms infrastructure.
Svet Bajlekov, co-founder and CEO of AMMP says, “Our customers are already driving the renewable energy transition at an unprecedented pace. We are proud to work alongside them, providing them the digital tools to scale faster than ever. This is especially relevant in the face of the current economic headwinds, and indeed restrictions on physical movement. In turn, we are excited to be bringing on board the leading investors in the B2B SaaS space, and work with them to realize the potential scale of the opportunity ahead of us.”
Operations platform for decentralised renewable energy systems
AMMP Technologies started off in 2018 and its founders began their work at E.ON Off-Grid Solutions. The co-founders Svet, Stine and Hendrik worked together at Rafiki Power (a former E.ON SE company), where they were involved in deploying and operating mini-grids for rural electrification across Sub-Saharan Africa. Most of these deployments were located in remote locations in extreme conditions, where it was difficult and expensive to track them.
Thus the idea of AMMP was born, to plug the technological gap in the renewable energy space. It recognised the potential of bringing together operational data across multiple vendors, technologies, and locations onto a unified platform. The company is currently focussed on emerging markets, where over $60B is said to be annually spent on diesel generation, according to the IFC – and where cheaper, cleaner renewables are rapidly replacing this legacy spend.
AMMP’s client list includes some of the most advanced companies in the renewable energy space such as Daystar, Rensource, and PowerGen. It enables remote operations for about 1,000 renewable energy generation systems across 17 countries on four continents – from Colombia, through to Sierra Leone and Kenya, to Myanmar. AMMP supports a wide range of assets, from rural mini-grids with battery storage, to complex megawatt-scale PV-diesel hybrid plants, to telecoms towers.
Image credits: AMMP Technologies