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Ore Energy raised €10 million in seed funding to build utility-scale batteries

PRIVATEMay 22, 2024

Amount Raised

€10 Million

Round Type

Seed

AmsterdamEnergyRenewable Energy

Investors

Positron Ventures

Description

Ore Energy emerged from stealth with €10 million in seed funding from Positron Ventures and other investors to make grid-scale batteries cheaper and longer lasting. The funding will also help the company build a megawatt-scale factory and work towards the goal of deeply decarbonizing the grid in the 2030s.

Quick answer

Ore Energy raised €10 Million in a Seed round, dated May 22, 2024. Investors: Positron Ventures. Ore Energy is based in Amsterdam, North Holland, Netherlands.

How much did Ore Energy raise?
Ore Energy raised €10 Million in a Seed round on May 22, 2024.
Who invested in Ore Energy?
Positron Ventures is named as investors in this round.
What does Ore Energy do?
Ore Energy is a spin-out company from TU Delft, developing a new generation, low-cost, multi-day energy storage system.
Where is Ore Energy based and how big is it?
Ore Energy is based in Amsterdam, North Holland, Netherlands. Fundz records about 42 employees.
Who are the decision-makers at Ore Energy?
Fundz holds 1 contact at Ore Energy, including the Chief Scientific Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Ore Energy that raised within 45 days of this round, from Fundz verified event records.

  • Orus Energy raised $2.4M (Pre-Seed) on July 5, 2024.
  • GlassPoint raised $2.7M on July 2, 2024.
  • GlassPoint raised $2.5M (Series A) on July 2, 2024.
  • Spruce Power raised $130M (Debt Financing) on July 1, 2024.
  • Altius Renewable Royalties Corporation raised $30M (Debt Financing) on June 29, 2024.
  • National Renewable Network raised $1M (Pre-Series A) on June 28, 2024.

Who to call at Ore Energy, and when

A new round usually means Ore Energy is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
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Company Information

Company

Ore Energy

Location

Amsterdam, North Holland, Netherlands

About

Ore Energy is a spin-out company from TU Delft, developing a new generation, low-cost, multi-day energy storage system. Officially launched in 2022, our aim is to develop a battery technology and a long‑duration storage product that will enhance the integration of renewable energy and enable a 100% decarbonized electricity grid at all times. We are seeking experienced battery engineers, research scientists, technicians, and lab professionals who are excited to shape the foundational technologies of tomorrow’s electricity grid. We have supportive investors and a clear runway to design, test, innovate, and create. We truly believe that the best way to develop technology is to assemble and support a team of dedicated professionals who are passionate about the scientific process of discovery and who enjoy working on challenging problems every day. This is an exciting time at our company, and we are looking for new hires who can direct that feeling towards every aspect of product development!

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Related People

1 contact
Verified contactsYaiza, Chief Scientific Officer hiddenSee plans and pricing
Predictive Intelligence
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Ore Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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