“Instagrid is transforming the outdoor economy with its industry leading, mobile power systems that enable mobile workers to operate sustainably,” said Anton Arts, managing partner at SET Ventures. Pierre-Pascal Urbon, the chairman of the advisory board and the former CEO of the listed solar electronics specialist SMA, also invested in the company. We are proud to support their global expansion”, says Matthias Dill, Managing Partner at Energy Impact Partners.Īll existing investors participated in this financing round, including SET Ventures, Segnalita Ventures, blueworld group, High-Tech Gründerfonds and Wille Finance AG. We have been very impressed by Sebastian and Andreas, who have engineered the best product in the market and scaled instagrid rapidly. Mobile power-generation through combustion engines is as big of a problem as passenger cars and has been overdue for disruption. “EIP’s mission is to back the best founders who are working to decarbonize industries with innovative technologies. SBB uses instagrid for building and maintaining its tracks, replacing diesel generators. These include Strabag, Skanska Rental and the Swiss Federal Railways (SBB). Instagrid reduces CO2 emissions by up to 85 percent over the entire product life-cycle.Īs a sustainable alternative to combustion engines, instagrid counts many of Europe's leading construction companies, and service and infrastructure providers as customers. So far, this segment has received little attention in the energy transition, despite generating high CO2 and pollutant emissions. Every year 50 million of these fossil-fueled combustion engines are sold.
#Instagrid battery portable
Instagrid’s technology replaces environmentally harmful combustion engines, such as those predominantly used today for portable power for construction, events or off-grid areas. In addition, the battery platform will expand to include digital services and connectivity, enabling smart, customized energy solutions in the future.Īs the most compact and lightweight system on the market, instagrid's high-performance battery makes it possible to use electricity from renewable sources in any location. Instagrid is using the new funds to drive its international expansion in Europe and the US. As a result, instagrid's total funding rises to more than $45 million (€40 million). The round is being led by Energy Impact Partners (EIP), a U.S.-based venture capital firm investing in businesses building a sustainable future.
#Instagrid battery professional
Ludwigsburg, - instagrid, a leader in high-performance mobile battery systems in the professional sector, announced today its Series B financing of approximately $33 million (€29 million).
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