eleXsys Energy secures £5m in funding to expand its clean energy grid technology internationally.
The cleantech company completed a £5m financing round featuring a Series A investment and capital from Angel Investment Network.
eleXsys Energy provides proprietary technology that helps electrical grids integrate renewable energy generation without costly infrastructure upgrades. The company is headquartered in London.
eleXsys Energy has raised £5m in a funding round comprising a £3.6m Series A investment alongside £640k secured via Angel Investment Network. The capital will support the company as it expands its international footprint and continues technology development. The firm, which originated in Australia, completed the four-month raise to accelerate the transition of global electrical grids toward renewable generation.
Investor perspective
"We are excited to be working with eleXsys Energy in this period of significant growth for the company. This raise ensured that eleXsys secured the backing of strategic and experienced investors as they expand their global reach and make their mark on international markets. Our passion-driven investors want to support businesses that solve real problems and there’s arguably few greater problems to solve than how to dramatically scale the move to clean energy."
Sam Louis
Director, Angel Investment Network
Use of funds
- 01Expand into international markets
Investors
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About the company
eleXsys Energy
eleXsys Energy develops clean energy grid technology for commercial and industrial applications.