TLDR:
GridBeyond has closed a €52M Series C funding round, led by Alantra’s Energy Transition Fund, to support its platform evolution, expand into new markets, and invest in R&D for a global zero-carbon future. The funding will enable GridBeyond to enhance its technology, optimize assets like demand response, storage, and renewables, and expand internationally.
- GridBeyond closed a €52M Series C financing round led by Alantra’s Energy Transition Fund.
- The funding will support international expansion, R&D investment, and platform evolution for a global zero-carbon future.
GridBeyond, a smart energy company, has closed a successful financing round of €52M in Series C funding to scale up its business. The round was led by Alantra’s Energy Transition Fund. The company plans to use the funding to expand its international presence and invest in research and development to facilitate the progress towards a zero-carbon future. GridBeyond develops AI platforms to help businesses maximize the potential of energy assets, ensuring sustainability and affordability in the energy sector. The funding will be used to further enhance GridBeyond’s technology, particularly in the Grid Edge Virtual Power Plant (VPP) sector, and optimize assets like demand response, storage, and renewables. This will support grid operators and local utilities to integrate flexible assets and low-carbon technologies rapidly. The funding will also aid GridBeyond’s expansion into new international markets and the US, where the company is already making significant progress.
