Amsterdam-based Sympower secures €22 million to fuel Europe’s energy transition
Summary
The funding was led by Silicon Valley-based Activate Capital, a leading VC and growth equity firm serving climate and sustainability pioneers in energy, mobility, and industrials. In order to mitigate the climate crisis whilst ensuring energy independence, flexibility to adapt to renewable, distributed production is key. Managing Partner Anup Jacob, Activate Capital, said: “Recent events in Europe highlight the importance of energy independence in an increasingly volatile market. This new capital injection will allow Sympower to serve more industrial and commercial customers across Europe, including demand-side loads, renewable energy production, electric vehicle charging, and battery storage facilities. Founder and CEO Simon Bushell, Sympower, said: “Given the current uncertainty in both the financial and energy markets, we are delighted to have secured further VC investment and we welcome aboard the experienced teams of Activate and Expon.
Funding
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