Axle Energy Raises $9M in Seed Funding
Axle Energy Raises $9M in Seed Funding
Axle Energy Raises $9M in Seed Funding
News summary

Axle Energy, a London-based startup focused on energy flexibility, has raised $9 million in seed funding to enhance its software platform that connects distributed assets like electric vehicles and solar panels to energy markets. Led by Accel, the funding round included investments from Picus Capital, Ekta Ventures, and notable angel investors such as Formula 1 champion Nico Rosberg. The company aims to facilitate the integration of renewable energy sources and address the volatility in energy supply caused by inconsistent weather patterns. Co-founders Karl Bach and Archy de Berker, both with extensive experience in the energy sector, emphasize the necessity of transitioning away from fossil fuels for a stable and decarbonized grid. With over 15,000 flexible assets already connected, Axle Energy is poised to play a key role in the UK's commitment to achieving zero-carbon electricity by 2030.

Story Coverage
Bias Distribution
100% Left
Information Sources
51dae2ab-6a3f-4156-b4a8-805de03e2b50
Left 100%
Coverage Details
Total News Sources
1
Left
1
Center
0
Right
0
Unrated
0
Last Updated
44 days ago
Bias Distribution
100% Left
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News