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Axle Energy has raised an impressive $1.6 million in pre-seed funding from renowned investors

Axle Energy has raised an impressive $1.6 million in pre-seed funding from renowned investors

June 28, 2023

logo of Axle Energy

Introducing Axle Energy: Empowering a Dynamic and Sustainable Grid. Axle Energy, founded by Karl Bach, has raised an impressive $1.6 million in pre-seed funding from renowned investors Picus Capital and Eka Ventures. As a trailblazer in software development, Axle Energy is revolutionizing the energy industry in the United Kingdom, specifically in London. Their mission is to unlock the power of the home by connecting home energy assets with flexibility incentives, resulting in lower costs and reduced CO2 emissions. Axle Energy enables homeowners to turn their energy assets into cash by connecting, managing, and monetizing domestic flexibility. 

team at Axle Energy

Through their platform, users can connect to leading electric vehicle (EV), electric heating, solar, and storage brands, while also tapping into markets that reward flexibility. With Axle Energy, individuals can predict behavior, optimize usage, and deliver asset schedules, all while accepting payments from energy markets. Recognizing the need to decarbonize the grid, Axle Energy is building a more dynamic and connected grid that relies on EVs, heat pumps, solar panels, and batteries instead of fossil fuels for balancing supply and demand. Their strength lies in their ability to maximize the value-stack, optimize across the entire value chain with advanced machine learning models, and provide seamless integration through powerful APIs.

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