Energy Impact Partners is a global energy technology investor with more than $4.4bn in assets under management and over 80 corporate partners. The firm backs entrepreneurs across venture, growth equity, and credit strategies.
Matthias serves as managing partner at Energy Impact Partners Europe. He brings extensive board experience across energy and climate technology companies.
The oversubscribed round was led by Energy Impact Partners with backing from several climate and technology investors.
"We are laser-focused on doing the hard yards to improve the physical layer of the grid, specifically overhead systems. The AssetCool team is innovating at the nexus between robotics and materials science to bring meaningful improvements to an aging network. We’ve developed a new range of coatings systematically optimised for overhead lines that makes the grid more efficient and resilient – not by rebuilding it, but by enhancing what already exists."
Energy Impact Partners led the funding round to support product development and international expansion.
"Transportation is responsible for nearly a quarter of the global energy related CO2 and road transport makes up the lion’s share of it. EIP targets the largest sources of greenhouse gas emissions,"
National Grid Partners led the Series B round to help scale the electric vehicle software platform across Europe and North America.
"In the next few years, total EV demand in most developed countries will surpass the energy output of even the largest power plants – for example, the behemoth Palo Verde Generating Station in the US. As more EVs come online, optimised charging and load maintenance will remain critical tools for ensuring grid stability. By being able to shape and control EV load, ev.energy can both benefit the grid and help drivers to charge using the greenest and cheapest energy."
The round was led by Energy Impact Partners with participation from Future Energy Ventures, Cyan Finance, and angel investors.
"Electric vehicles are at an inflection point in most developed markets. The rise of electric vehicles is a significant opportunity for energy utilities, through new and innovative services, that support their customers to go electric. We are very proud to back the team around Nick and Chris as they have already proven that they can scale internationally by appealing to drivers, utilities and car manufactures at the same time."
