Fundz

Terra One raises $7.5M in seed funding led by PT1 for decentralised battery storage

PRIVATEApr 25, 2024

Amount Raised

$7.5 Million

Round Type

Seed

BerlinEnergyRenewable Energy

Investors

468 CapitalNeosferPt1

Description

Berlin-based battery storage startup Terra One has raised $7.5M in seed funding in a round led by PT1, an early-stage VC for real asset technology. Previous investors neosfer and 468 Capital also participated in the round. Co-founder Thomas Antonioli commented on the raise, stating that the funding will drive forward their vision of building Europe's leading battery optimiser and making an essential contribution to achieving climate targets.

Quick answer

Terra One raised $7.5 Million in a Seed round, dated April 25, 2024. Investors: 468 Capital, Neosfer and Pt1. Terra One is based in Berlin, Berlin, Germany.

How much did Terra One raise?
Terra One raised $7.5 Million in a Seed round on April 25, 2024.
Who invested in Terra One?
468 Capital, Neosfer and Pt1 are named as investors in this round.
What does Terra One do?
Terra One Climate Solutions GmbH is a prominent German battery developer specializing in the development of battery energy storage system (BESS) projects.
Where is Terra One based and how big is it?
Terra One is based in Berlin, Berlin, Germany. Fundz records about 21 employees.
Who are the decision-makers at Terra One?
Fundz holds 1 contact at Terra One. 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 Terra One that raised within 45 days of this round, from Fundz verified event records.

  • Lithium South Development raised $37K (Seed) on June 7, 2024.
  • RumiTech raised $250K (Pre-Seed) on June 7, 2024.
  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • Samara raised $9.8M (Series A) on June 4, 2024.
  • Recurrent Energy raised $500M on June 3, 2024.
  • Plural Energy raised $2.3M (Seed) on May 30, 2024.

Who to call at Terra One, and when

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

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Company Information

Company

Terra One

Location

Berlin, Berlin, Germany

About

Terra One Climate Solutions GmbH is a prominent German battery developer specializing in the development of battery energy storage system (BESS) projects. The company plays a vital role in supporting Germany's renewable targets by enhancing network stability and providing the flexibility required for a sustainable power grid.

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Terra One 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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