Eddy Grid, a dynamic Dutch startup founded in 2023, is making waves in the sustainable energy sector with its innovative approach to energy management and storage. The company recently raised €1.5 million in a funding round led by the Graduate Entrepreneur fund, with significant contributions from Herberth Samsom, Rockstart’s Energy Fund, Volve Capital, and a cohort of prominent angel investors. This injection of capital is poised to accelerate Eddy Grid’s mission to revolutionize the energy landscape through the smart utilization of batteries and advanced energy management software.
Smart Energy Solutions:
Eddy Grid’s core focus lies in harnessing the potential of smart batteries coupled with cutting-edge energy management software. This strategic combination allows the startup to address the critical challenges of grid capacity limitations for commercial and industrial (C&I) customers. The platform caters to a diverse range of businesses, from small and medium enterprises (SMEs) to large industrial enterprises, offering solutions for power shortages, surplus capacity, and solar panel optimization.
Transparent and Sustainable Approach:
Transparency is a fundamental principle guiding Eddy Grid’s approach. The company is committed to ensuring the continuous availability of affordable green energy, thereby contributing to sustainable energy consumption and facilitating the electrification of mobility and industry. By offering scalable solutions, Eddy Grid aligns itself with the broader goal of building a greener and more resilient world.
Funding Round Highlights:
The €1.5 million raised in the recent funding round will be instrumental in accelerating Eddy Grid’s growth trajectory. The startup plans to broaden its offerings, reaching a more extensive customer base while expediting collaborative initiatives such as the Energy Hubs partnership with Skoon Energy. Notable investors contributing to this round include Jan Saan of CM.com, Thijs Verheul and Sjuul Berden of United Wardrobe, and Bastiaan van de Rakt of WhyCommitCapital.
CEO’s Vision:
Sam Rohn, CEO and co-founder of Eddy Grid, expressed gratitude for the overwhelming support from investors and confidence in the company’s vision. Rohn highlighted the significant interest in Eddy Grid’s plans and the belief that, together with experienced partners, the startup can amplify its impact on creating a more sustainable world.
Rockstart Energy Accelerator Program:
In addition to the funding round, Eddy Grid is set to embark on the Rockstart Energy accelerator program in February 2024. Max ter Horst, Managing Partner at Rockstart Energy, emphasized the impressive team at Eddy Grid, their strong commercial skills, and proven track record in building scalable businesses. The accelerator program is expected to provide invaluable support in expanding Eddy Grid’s business and enhancing its role in driving the energy transition.
A Sustainable Future:
Auke van den Hout, Managing Partner at the Graduate Entrepreneur fund, underscored the importance of Eddy Grid’s role in enabling companies to scale their access to energy while increasing return on investment in renewable investments. This aligns with the shared goal of creating a more sustainable future, reflecting the ethos of the Graduate Entrepreneur fund.
Eddy Grid’s recent funding success and participation in the Rockstart Energy accelerator program position the startup as a force to be reckoned with in the sustainable energy sector. As they continue to innovate and expand their offerings, Eddy Grid is poised to play a pivotal role in shaping a more resilient and eco-friendly future.