The Swedish power tech agency Flower has closed its Collection A funding with a further €20 million, bringing the spherical complete to €45 million because it goals to redefine the post-transition power system. The spherical was led by Northzone, with further funding from Big Ventures, 82an Make investments, Sony Innovation Fund, and angel buyers Thomas von Koch and Sebastian Knutsson, founding father of sport developer King.
Flower is enabling and managing tomorrow’s clear power system by fostering flexibility, stability, and predictability in world power grids, whereas additionally offering renewable energy asset house owners with enhanced income streams. That is achieved by Flower’s AI-driven platform and supporting {hardware} infrastructure.
The corporate will use this capital to help its formidable pan-European enlargement and to proceed creating its Battery Vitality Storage Programs. At the moment energetic 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 great new partnerships. Finishing our Collection A spherical and bringing on board main Swedish and European buyers is a serious milestone, not just for Flower’s journey but in addition in constructing the power methods of tomorrow.”
Pär-Jorgen Pärson, Basic Companion at Northzone and a brand new member of Flower’s board, added “We’re very excited by the staff’s pioneering method to renewable power challenges, combining cutting-edge AI-driven optimization and grid-level battery methods 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 stated: “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.”
