Ampd Energy, a Singapore-based manufacturer of the Enertainer and Ampd SiloTM battery energy storage systems (ESS) for heavy industries, raised $27.3M in Series B funding.
The round was co-led by Kibo Invest and Openspace, with continued participation from MTR Lab, Taronga Ventures and 2150.
The company intends to use the funds to further expand decarbonization across new verticals and regions. Proceeds will also go toward targeting new geographies including the Middle East, Europe, United States and Southeast Asia, supported by their new partnership with Kibo Invest and Openspace.
Ampd Energy creates energy storage systems (ESS), connectivity software and data science to electrify, connect and optimize the industrial and construction sectors. Ampd Energy’s Enertainer and Ampd SiloTM ESS provides emissions-free futures for industries all over the world, along with valuable data-driven insights, providing 24/7 real-time monitoring and problem diagnostics, thanks to their proprietary software.
The company has deployed +300 smart battery units – primarily in construction – in seven countries, abating over 69,000 tons of CO2, the equivalent of 88,000 cars.
FinSMEs
05/11/2024