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Ore Energy raises $43m in a Series A round led by Plural and HV Capital to scale its iron-air battery technology for long-duration energy storage.

PRIVATEAug 04, 2026•5 days ago

Amount Raised

$43 Million

Round Type

Series A

AmsterdamEnergyRenewable Energy

Investors

Hv CapitalPlural

Description

Dutch startup Ore Energy has secured $43 million in Series A funding. The investment will be used to advance their iron-air battery technology, which is seen as crucial for Europe's energy infrastructure. Plural and HV Capital are leading the investment round. This funding comes at a time when long-duration energy storage is gaining importance.

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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Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech