The Swedish power tech agency Flower has closed its Collection A funding with an extra €20 million, bringing the spherical whole to €45 million because it goals to redefine the post-transition power system. The spherical was led by Northzone, with extra funding from Big Ventures, 82an Make investments, Sony Innovation Fund, and angel buyers Thomas von Koch and Sebastian Knutsson, founding father of recreation developer King.
Flower is enabling and managing tomorrow’s clear power system by fostering flexibility, stability, and predictability in international power grids, whereas additionally offering renewable energy asset homeowners with enhanced income streams. That is achieved by way of Flower’s AI-driven platform and supporting {hardware} infrastructure.
The corporate will use this capital to help its bold pan-European enlargement and to proceed creating its Battery Vitality Storage Techniques. At present lively in Sweden and Denmark, Flower plans to increase operations to the DACH area, France, the Netherlands, and Belgium by 2025 and 2026.
John Diklev, Founder and CEO of Flower, commented: “2024 has already been a pivotal yr in Flower’s progress, marked by our acquisition of Sweden’s largest battery park and the announcement of serious new partnerships. Finishing our Collection A spherical and bringing on board main Swedish and European buyers is a significant milestone, not just for Flower’s journey but additionally in constructing the power techniques of tomorrow.”
Pär-Jorgen Pärson, Normal Companion at Northzone and a brand new member of Flower’s board, added “We’re very excited by the crew’s pioneering method to renewable power challenges, combining cutting-edge AI-driven optimization and grid-level battery techniques to remodel Europe’s power grid. We’ve by no means seen such a fast-moving firm.”
Co-founder and Managing Companion at Big Ventures Cameron McLain mentioned: “Vitality flexibility is crucial to constructing a resilient power grid. Flower has achieved spectacular progress with its daring vertically-integrated method, and we’re excited for what’s subsequent.”