1.4 million pre-seed financing for FION Energy
Summary
The Berlin-based cleantech startup FION Energy has successfully closed a pre-seed financing round of 1.4 million. The round is led by High-Tech Gr\xfcnderfonds (HTGF) and Norrsken Evolve, with experienced business angels also participating.FION will use the capital to accelerate the roll-out of its AI-driven battery systems, further develop the platform and expand the team to help industrial companies reduce electricity costs.On average, Europe pays around 50% more for industrial energy than competitors in the USA or China. This is due to volatile feed-ins from renewable sources and a lack of flexibility in factories.FION Energy offers a complete solution for industrial battery storage, from site analysis, dimensioning, procurement and installation to ongoing operation.The companys own AI dispatch engine learns consumption patterns, reads tariffs and market prices and controls the battery autonomously. The result is up to 50 % lower electricity costs.FIONs goal is to turn energy into a competitive advantage for European industry and to keep locations economically attractive. In the long term, the aim is to create a platform that connects industrial sites to form an intelligent, decentralized energy network.