Amperesand raises $12.5M seed round to remake the humble 140-year-old transformer

Feb 07, 2024•almost 2 years ago

Amount Raised

$12.5 Million

SingaporeSolarRenewable EnergyEnergyManufacturing

Investors

Foothill VenturesTdk VenturesMaterial ImpactTemasekXora Innovation

Description

Amperesand has raised a $12.45 million seed round to support the commercialization of the silicon-carbide solid-state transformer technology. The round was co-led by Xora Innovation, Temasek’s early-stage arm, and Material Impact, with participation from TDK Ventures and Foothill Ventures.

Company Information

Company

Amperesand

Location

Singapore, Southeast Asia, Singapore

About

Amperesand’s infrastructure solutions, powered by novel solid-state transformer (SST) technology, enable efficient, intelligent, flexible, and resilient electrification on a global scale. Its core SST technology was pioneered at the Energy Research Institute at Nanyang Technological University (NTU) in Singapore. Amperesand was incubated by Xora and established in 2023.

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