Amperecloud funding news – Berlin-based Amperecloud Secures €3.3 Million in Series A+ Round Funding

More than 400 companies already use the Berlin company's software and hardware solutions to effectively manage their renewable energy portfolios. The new capital and, in particular, Encevo's expertise will now be used to further develop the products.

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Amperecloud is already one of the fastest growing companies in the photovoltaic and BESS monitoring sector. In the future, the Berlin-based company will become a complete operating system for renewable energy. Not only the newly raised capital, but also the experience of new investor Encevo will help along the way.

Frederik Merz, CEO of Amperecloud, on the investment: "We see in the market a very fragmented IT landscape in many EE companies, which leads to enormous manual effort on equipment, but also poor data quality. Amperecloud already serves as a core operating system and solves these problems. Our Amperecloud Platform software solution can receive and process data from all assets and can also seamlessly connect to other tools, such as ERP or BI systems. At the same time, Amperecloud Platform can be used for automation. various workflows, such as monitoring, reporting or maintenance management. We are very pleased to be able to continue this path in the future with one of the largest investors in renewable energy in Europe."

Nicolas Milerioux, Director of Venture Capital at Encevo said, "Amperecloud has achieved great success over the last five years. We see great potential for the company to build the operating system for all renewable energy, which will allow our customers to integrate seamlessly and increase performance and commercialization opportunities, including through supplementary electricity storage. For us, this is a fundamental element to drive the energy transition with and for our customers, To date, we have not seen a comparable software and hardware solution on the European market that offers a huge range of functionality with completely open interfaces."

In addition to continuing to develop existing products, it plans to boost its internationalization through the investment round. The company already operates not only in Germany, but also in Europe and South America. In the near future, the Berlin-based company will operate worldwide.

About Amperecloud

Amperecloud was founded in 2019 and currently employs over 60 people across three locations. More than 400 customers currently operate more than 5 GWp+ of assets, primarily from the solar and PV sectors, on the Amperecloud Platform software solution. The company also offers additional hardware and services, such as its own data loggers and an outsourced control center.