The Swedish vitality tech agency Flower has closed its Sequence A funding with an extra €20 million, bringing the spherical complete to €45 million because it goals to redefine the post-transition vitality system. The spherical was led by Northzone, with extra funding from Large Ventures, 82an Make investments, Sony Innovation Fund, and angel traders Thomas von Koch and Sebastian Knutsson, founding father of recreation developer King.
Flower is enabling and managing tomorrow’s clear vitality system by fostering flexibility, stability, and predictability in international vitality grids, whereas additionally offering renewable energy asset homeowners with enhanced income streams. That is achieved by means of Flower’s AI-driven platform and supporting {hardware} infrastructure.
The corporate will use this capital to assist its bold pan-European enlargement and to proceed growing its Battery Power Storage Programs. Presently energetic in Sweden and Denmark, Flower plans to increase operations to the DACH area, France, the Netherlands, and Belgium by 2025 and 2026.
John Diklev, Founder and CEO of Flower, commented: “2024 has already been a pivotal 12 months in Flower’s progress, marked by our acquisition of Sweden’s largest battery park and the announcement of serious new partnerships. Finishing our Sequence A spherical and bringing on board main Swedish and European traders is a significant milestone, not just for Flower’s journey but additionally in constructing the vitality programs of tomorrow.”
Pär-Jorgen Pärson, Normal Associate at Northzone and a brand new member of Flower’s board, added “We’re very excited by the workforce’s pioneering strategy to renewable vitality challenges, combining cutting-edge AI-driven optimization and grid-level battery programs to remodel Europe’s vitality grid. We’ve by no means seen such a fast-moving firm.”
Co-founder and Managing Associate at Large Ventures Cameron McLain mentioned: “Power flexibility is important to constructing a resilient vitality grid. Flower has achieved spectacular progress with its daring vertically-integrated strategy, and we’re excited for what’s subsequent.”