The investment round, a Series B1 financing, was led by A&G Energy Transition Tech Fund (A&G ETTF) with support from the European Investment Fund (EIF). On behalf of existing investors, in addition to PDENH, Activate Capital, Rubio Impact Ventures, and Expon Capital participated.
Smart solutions for a sustainable energy future
Sympower, founded in 2015, develops software that organises the need for power in electricity grids more intelligently. For example, when there is a surplus or shortage of power, the company switches appliances on or off at businesses. This innovative approach, plays a crucial role in the transition to renewable energy, where solar and wind power cannot always provide power.
Simon Bushell, founder and CEO of Sympower, expressed delight at the funding raised: “We are delighted with the confidence of our investors. This investment is an important step to further develop our battery energy storage offering and bring our mission - enabling the energy transition in Europe - closer. With a team of more than 200 employees in ten countries and a strong presence in Scandinavia and Greece, Sympower looks forward to the opportunities to further expand its impact within the European energy market.”
