Berlin-based ampere.cloud, a climate tech startup, announced on Wednesday that it has secured €5M in a Series A round of funding.
The round was led by Point Nine Capital (P9) along with Helloworld.vc and Vireo Ventures.
Existing investors HGDF Familienholding GmbH & Co. KG, and Berlin Angel Fund also participated in the round.
The German company says it will use the funds to drive its growth and product development to the next level, as well as accelerate European expansion.
“We’re thrilled to have won the support of such renowned investors, old and new, and we’re more than ever committed to our mission of enabling the energy transition,” says Frederik Merz, CEO of ampere.cloud.
“This latest round of funding will allow us to supercharge product development, expand our technology capabilities, and take our solutions to new markets, transforming the energy sector on a global scale,” adds Merz.
ampere.cloud: Building operating system for renewable energy
Founded in 2019 by Frederik Merz, Florian Strunck, and Erik Nitschke, ampere.cloud offers a unified platform for owners and operators of renewable energy plants to effectively manage their entire portfolio, thereby boosting efficiency.
As a comprehensive and all-in-one solution, ampere.cloud enables customers to scale their operations while keeping costs low and minimising losses.
The German company claims that its platform can connect every aspect of the value chain, from local communication and remote control for operators through IoT, to automated monitoring and connecting facilities to energy traders.
Currently, the company focuses on the photovoltaic (PV) market, which has been growing rapidly in recent years with Germany leading the way in Europe.
ampere.cloud is agnostic towards other production forms.
Pawel Chudzinski, Partner at P9, says, “With their innovative technology focusing on making deployment and operating of clean energy sources, like solar, easier and cheaper, we believe that ampere.cloud is poised for massive success and growth. We can’t wait to see what the future holds.”
Marius Dethleffsen, Head of Investment Management at HGDF, says, “We’ve seen tremendous growth and potential in the company, and we’re excited to increase our investment and support their mission to revolutionise the energy sector.”