HomeFundingGerman startup instagrid raises seven-digit round to fund its mobile power solutions

German startup instagrid raises seven-digit round to fund its mobile power solutions

Stuttgard-based instagrid provides portable battery storage to easily create mobile power infrastructures. The startup offers the opportunity to use mobile power in a way that is simple, flexible, and emission-free with its portable battery storage, freeing electricity from time and place.

Founded in January 2018 by Dr. Sebastian Berning and Dr. Andreas Sedlmayr, instagrid specialises in the development of portable battery storages, offering users a mobile power supply for people working at temporary locations.

In many industries, service providers and workers are dependent on a reliable, fast, and simple power supply. Initially, instagrid will focus its solutions on the construction industry, followed by event technology, professional landscaping, garden and tree care, and public sectors such as fire brigades and humanitarian organisations.

Just a year after its launch, instagrid has raised a seven-digit funding round led by High-Tech Gründerfonds (HTGF), with participation from Segnalita Ventures GmbH from Austria and the Swiss Martin Global AG.

To reduce the size and weight of the energy source, instagrid has developed a “Software defined Battery” technology with a modular design. The result is a 90% reduction in space and weight required for voltage transformation. Compared with petrol-driven generators and combustion engines, the new battery storage is light and compact, with 40% lower operating costs.

“High-performance battery storage is a product with great future potential across numerous segments,” emphasises Bernhard Letzner, Managing Director at Segnalita Ventures.

“Through our investment and our network, we want to support instagrid in turning its vision of emission-free energy for all mobile machinery into a reality,” added Lucille Bonnet, Investment Manager at HTGF. “We believe the team is very well set up to take the product to mass production and unleash its great market potential – both in a professional environment and among consumers.”

The company will first sell its battery storage as white label products marketed through its brand partners’ existing distribution channels.

“Then we will step up our market entry under our own brand through direct sales online. Specifically, this means leasing our solution at a usage-based price. This will be based on data collected by an integrated IoT connection,” explained Dr. Berning.

Instagrid plans the widespread market launch for major European brand partners in Germany, Austria, Switzerland and Scandinavia for the first half of 2020.

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Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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