Axle Energy, a company aiming to accelerate the transition from fossil fuels by monetising energy flexibility, has closed a $25.0M Series A funding round. The capital, backed by investors including Energize Capital, Accel, Picus Capital, and Eka Ventures, will support its mission to optimise electric vehicles, batteries, and heat pumps on electricity markets.
The startup's platform is designed to help kick fossil fuels out of the grid by turning these distributed energy resources into active participants in the energy market, creating value while promoting a cleaner, more resilient power system.
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