Utrecht-based energy-tech Eddy Grid which focuses on the smart use of batteries coupled with advanced energy management software has reportedly raised a €1.5 million round led by the Graduate Entrepreneur fund, Herberth Samsom, Volve Capital, and Rockstart’s Energy Fund.
In addition to the aforementioned investors, the round also saw the participation of a good number of leading angels such as Thijs Verheul and Sjuul Berden of United Wardrobe, Jan Saan of CM.com, and Bastiaan van de Rakt of WhyCommitCapital.
Founded in 2023, Eddy Grid is believed to be committed to ensuring the continuous availability of affordable green energy. Given this, it should be borne in mind that the subject energy tech is also making its contribution to sustainable energy consumption and indirectly accelerates the electrification of mobility and industry. It also supports a range of businesses, from SMEs to large industrial enterprises. Transparency being fundamental in their approach, Eddy Grid is willing to help whether they are faced with a power shortage, have surplus capacity on their contracted capacity, or own solar panels.
The fresh funds will be deployed to expedite the growth of Eddy Grid. Equally, the firm’s team aims to further expand its offerings to serve customers more broadly and accelerate the rollout of collaborations, such as the Energy Hubs in partnership with Skoon Energy.
“We are incredibly pleased that so many people are eager to help build a greener and more resilient world. There was an enormous amount of interest and support for our plans and confidence in our team. We believe that together with these experienced partners we can accelerate and increase our impact”. ‘Sam Rohn’ CEO and co-founder of Eddy Grid, said.
In the coming month precisely in February 2024, the subject energy-tech Eddy Grid will start the Rockstart Energy accelerator program.
‘Max ter Horst’, Managing Partner at Rockstart Energy, commented: “We are thrilled to have Eddy Grid on board in our portfolio and our accelerator program. They have an impressive team with strong commercial skills and a proven track record in building scalable businesses. Their energy management and storage solutions address the urgent pain of grid capacity limitations for C&I customers, which is reflected in their strong traction so far. We look forward to supporting Eddy Grid in expanding their business and impact on the energy transition”.
Commenting on this development, ‘Auke van den Hout’, Managing Partner at the Graduate Entrepreneur fund, added: “With Eddy Grid, companies can scale their access to energy while increasing OI on renewable investments. This is the way to a more sustainable future, a goal shared by the Graduate Entrepreneur fund”.
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