Funding

Flower funding news – Swedish-based Flower Secures €25 Million in Series A Round Funding

Aug 15, 2024 | By Startup Rise EU

Flower funding news - Swedish-based Flower Secures €25 Million in Series A Round Funding

Grid startup Flower secures €25 million in series A round funding. Northzone partner PJ Pärson, who is also joining the board of directors, led the round with 82an Invest and Zebkei Invest. Previously, the Swedish startup raised around €40 million in debt a few months back.

SUMMARY

  • Grid startup Flower secures €25 million in series A round funding.
  • John Diklev founded Flower in 2020 to assist clients that manage battery energy storage infrastructure, including businesses who operate fleets of electric cars, homeowners who own batteries, data centers, and solar and battery parks.

John Diklev, founder at Flower said, “We are building something completely new for the future grid: enhancing predictability and flexibility of global energy systems, while simultaneously yielding extra revenue streams for renewable asset owners,”.

Many businesses have launched solutions to maintain dependable input and output in the grid as a result of the growing usage of renewable power, which is less predictable than fossil fuels in the case of wind and solar.

Read also - Gaussion funding news – London-based Gaussion Raises $12 Million in Series A Round Funding

About Flower

John Diklev founded Flower in 2020 to assist clients that manage battery energy storage infrastructure, including businesses who operate fleets of electric cars, homeowners who own batteries, data centers, and solar and battery parks. When demand is high, it attempts to feed their stored electricity into the grid.

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