Amperesand Secures $12.4M Funding for Novel Solid-State Transformer Technology - Revolutionizing Global Electrification

We are thrilled to announce that Amperesand has successfully raised $12.4 million in a recent funding round aimed at accelerating the development and deployment of our groundbreaking solid-state transformer (SST) technology. At Amperesand, we are committed to revolutionizing electrification on a global scale with our innovative infrastructure solutions that deliver efficiency, intelligence, and resilience. Our SST modules, which utilize advanced silicon carbide (SiC) devices and proprietary high-frequency transformers, provide unmatched performance compared to traditional transformers. This funding will enable us to ramp up production of our SST systems, which are initially available in scalable units of 2, 4, and 6MW, while also facilitating their customization for a wide range of applications. Our pioneering SST technology, originally developed by the Energy Research Institute at Nanyang Technological University in Singapore and further refined by Xora Innovation, positions us at the forefront of the electrification revolution. With this capital infusion, we aim to enhance our research and development efforts, expand our operational capabilities, and strengthen our market presence. As we set our sights on delivering next-generation energy solutions that are not only efficient but also adaptable to the needs of various industries, we remain dedicated to fostering sustainable energy practices worldwide. We would like to express our heartfelt gratitude to our investors for their confidence in our vision and technology as we embark on this exciting journey towards a more resilient and electrified future.