Berlin-based Amperecloud, a company empowering efficiency in energy asset management, has successfully closed a €3.3 Million Series A+ financing round led by Encevo, one of Europe’s leading and sustainable energy players. Additionally, Point9, Vireo Electrification Fund and many other existing shareholders took part in the round as well. The total investment raised now adds up to €9 million.
In addition to the further development of existing products, Amperecloud plans to use the investment round to drive forward its internationalization. The company is already active not only in Germany, but also in Europe and South America. In the near future, the Berlin-based company will be active worldwide.
The Berlin-based company’s software and hardware solutions are already used by over 400 companies to efficiently operate renewable energy portfolios. The investment capital and Encevo Group’s expertise will now be used to consistently develop the products further.
Founded in 2019, Amperecloud is already one of the fastest-growing companies in the PV & BESS monitoring sector. In the future, the Berlin-based company will become a complete operating system for renewable energies.
Frederik Merz, CEO of Amperecloud, said on the investment: “We see a highly fragmented IT landscape in the market at many renewable energy companies, which leads to enormous manual effort in the teams, but also to poor data quality. Amperecloud already serves as a central operating system and solves these problems. Our Amperecloud Platform software solution can receive and process data from all assets and can also be seamlessly connected to other tools such as ERP or BI systems. At the same time, Amperecloud Platform can be used to automate a variety of workflows such as monitoring, reporting or maintenance management. We are very pleased to be able to follow this path in the future with one of the largest investors in renewable energies in Europe.”
Encevo operates a PV portfolio with a capacity of more than one-gigawatt peak via subsidiaries alone. In addition, the Luxembourg-based investment company is involved in over 4,000 other assets in the areas of wind power and storage.
“Amperecloud has achieved great success over the past five years and we see great potential for them to build an operating system for all renewable energies enabling their smooth integration for our customers and increasing output as well as marketing capabilities, including through complementary power storage. We see this pivotal block to embrace the energy transition with and for our customers,” commented Nicolas Milerioux, Head of Venture Capital at Encevo, on the investment. “To date, we have not seen a comparable software and hardware solution on the European market that offers an enormous range of functionalities with completely open interfaces.”
