German climate tech start-up ampere.cloud has raised a €5 million Series A financing round which will help its plans for a European expansion.
The round was led by Point Nine Capital (P9), including Helloworld.vc, Vireo Ventures. HGDF Familienholding GmbH & Co. KG, Berlin Angel Fund continued their confidence in the company by investing again.
"P9 is thrilled to be joining ampere.cloud on their mission,” says Pawel Chudzinski, Partner at P9. "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."
ampere.cloud was founded in 2019 by Frederik Merz, Florian Strunck and Erik Nitschke. Its platform supports the management of renewable energy plants. By connecting and monitoring the plants facilities via IOT the platform gives owners the tools to increase the efficiency of their plant.
"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."