Utrecht-based startup Eddy Grid has successfully raised €1.5 million in a funding round led by the Graduate Entrepreneur fund, Herberth Samsom, alongside participation from Rockstart’s Energy Fund and Volve Capital. Noteworthy angels, including Jan Saan of CM.com, Thijs Verheul, and Sjuul Berden of United Wardrobe, and Bastiaan van de Rakt of WhyCommitCapital, have also joined the round.
The newly acquired capital will be a catalyst for Eddy Grid’s expansion plans. The startup is determined to broaden its offerings, reaching a wider customer base, and accelerate collaborative initiatives, such as the Energy Hubs project in partnership with Skoon Energy.
Established in 2023, Eddy Grid is dedicated to ensuring the continuous availability of affordable green energy, contributing to sustainable energy consumption and indirectly expediting the electrification of mobility and industry. The startup caters to a diverse clientele, ranging from SMEs to large industrial enterprises, offering solutions for power shortages, surplus capacity, or owned solar panels. Transparency is a core principle guiding their approach.
Sam Rohn, CEO, and co-founder of Eddy Grid expressed gratitude for the overwhelming support received, stating, “We are incredibly pleased that so many people are eager to help build a greener and more resilient world. There was an enormous amount of interest and support for our plans and confidence in our team. We believe that together with these experienced partners, we can accelerate and increase our impact.”
In addition to the successful funding round, Eddy Grid is set to embark on the Rockstart Energy accelerator program in February 2024. Max ter Horst, Managing Partner at Rockstart Energy, commended Eddy Grid’s inclusion in their portfolio, citing the startup’s impressive team and proven track record in building scalable businesses. He emphasized how Eddy Grid’s energy management and storage solutions address the pressing issue of grid capacity limitations for Commercial and Industrial (C&I) customers, reflecting the strong traction they have gained.
Auke van den Hout, Managing Partner at the Graduate Entrepreneur fund, emphasized the significance of Eddy Grid’s solutions in scaling access to energy while increasing returns on renewable investments. He sees this as a pivotal step toward a more sustainable future, aligning with the fund’s overarching goal.
Eddy Grid’s success in securing funding and partnerships underscores the growing importance of innovative solutions in the energy sector. As the startup advances its offerings and collaborations, it positions itself as a key player in the ongoing energy transition, contributing to a cleaner and more resilient world.
