axle energy, a London, UK-based energy flexibility startup, raised $1.6M in Pre-Seed funding.
The round was led by Picus Capital with participation from Eka Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded in early 2023 by Karl Bach and Archy de Berker, axle is a home energy flexibility platform that connects EVs and other devices to energy markets. Its API enables energy suppliers and hardware manufacturers to monetize the flexibility of home energy devices, lowering costs and emissions while improving grid stability.
axle integrates with OEMs and energy suppliers, enabling these businesses to lower their residential customers’ energy bills.
FinSMEs
16/06/2023