Caeli Wind funding news – Berlin-based Caeli Wind Secures €11 Million in Series A Round Funding
May 16, 2024 | By Team SR
Caeli Wind, a platform for analysing and marketing wind energy locations founded by Ben Schlemmermeier and Heiko Bartels in 2022, secures €11 million in series A round funding in growth capital from international investors.
Renowned UK venture capital firm Notion Capital spearheaded the round, which also included participation from Santander Alternative Investments and longtime backers like HTGF.
To hasten the installation of wind turbines, Caeli has created a marketplace and an innovative AI-based analytical system. The business was able to find 173 new wind turbine locations in Germany in 2023 and assign them to energy providers and project developers. The AI company's digital research and awarding platform speeds up the realisation of wind farms by an average of eighteen months.
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Due to the company's effective market development in its native market, investors from other countries are now taking notice. The recently obtained funds will be put to use for global expansion, strengthening the value chain, and advancing the cutting-edge technologies developed by Caeli.
Heiko Bartels said, “There is an urgent need for digital transformation in the energy market. Bringing landowners and project developers for wind farms together on an equal footing is not just a German issue, but a global one,”.
Ben Schlemmermeier said, “Our technology has shown that complex planning and approval processes can be shortened by 18 months. With the newly raised capital, we will help project developers even more to conserve their human resources and accelerate their business,”.
Stephen Chandler, Managing Partner Notion Capital (Lead Investor), said: “Caeli Wind’s platform represents a significant leap forward in modernising a crucial segment of the wind energy value chain, one that has been largely untouched by software innovation so far. The founders’ deep domain expertise puts them in a unique position to build a global category leader in the wind energy market, thereby accelerating the renewable energy transition. We are looking forward to the journey together.”
Santiago Gil, Lead of Santander InnoEnergy Climate Fund, commented: “Santander is one of the world´s largest financiers of renewables. Our ambition is to accompany companies that make a significant contribution to decarbonisation and have immense growth potential on this journey. We are pleased to support Caeli Wind in its steps abroad with capital and expertise.”
Klaus Lehmann, Partner HTGF and existing investor, said: “We invested in Caeli in 2023 because we recognised that the company could become a game changer in the energy market. Caeli’s development since then has been truly impressive and is reason enough to further increase our investment in this German flagship company.”
About Caeli Wind
Caeli Wind is a sophisticated cloud-based technology that facilitates fast marketing and finds wind-potential places. Our overall objective is to dramatically increase the probability that project development will be accomplished, which is why we employ exact analyses.