Founded in early 2023 by Karl Bach and Archy de Berker, axle is a London-based home energy flexibility platform that is making waves in the energy sector. The company developed an API that connects electric vehicles (EVs) and other devices to energy markets. By doing so, it enables energy suppliers and hardware manufacturers to capitalize on the flexibility of home energy devices, resulting in lower costs, reduced emissions, and improved grid stability.
In a recent announcement, axle revealed that it successfully raised $1.6 million in pre-seed funding. The round was led by Picus Capital, a prominent investment firm, with participation from Eka Ventures. This injection of capital will be utilized by axle to expand its operations and extend its business reach, signaling an exciting period of growth for the company.
axle stands out due to its integration capabilities with original equipment manufacturers (OEMs) and energy suppliers. This integration empowers these businesses to offer their residential customers reduced energy bills. By connecting smart devices in homes to the axle platform, energy consumption can be more effectively managed, resulting in cost savings for consumers.
Karl Bach, co-founder and CEO of axle energy, expressed his enthusiasm for the partnership with Picus Capital and Eka Ventures, recognizing their role in scaling the company. He stated, “This funding will allow us to accelerate our development and deployment of our platform and to help more homes save energy.” This sentiment was echoed by Daniel Waterworth, Partner at Picus Capital, who commended axle energy for being at the forefront of the energy flexibility revolution and expressed excitement about supporting the team in scaling their platform to benefit more homes. Alex Dobie, Partner at Eka Ventures, also praised axle energy as a highly innovative company with the potential to make a significant impact on the energy sector.
axle energy is part of a growing cohort of startups focusing on energy-saving technologies for households. As more homes adopt smart devices capable of managing energy consumption, the demand for energy flexibility solutions is rapidly increasing. These innovative companies, including axle energy, are well-positioned to cater to this demand.
The success of axle’s recent funding round demonstrates the mounting interest in energy flexibility. As the energy sector continues to evolve, these startups are primed to play a vital role in helping homes save energy and reduce emissions. The support they receive from investors indicates a collective recognition of their potential to revolutionize the energy industry.
By leveraging axle’s platform, households can take control of their energy consumption, contributing to a more sustainable future. With the ability to connect EVs and other devices to energy markets, homeowners can optimize their energy usage, resulting in reduced costs and a smaller environmental footprint. As axle energy expands its operations and reaches more homes, the benefits of energy flexibility will become increasingly accessible to a wider population.
In conclusion, axle energy is paving the way for energy flexibility solutions in the residential sector. With their recent funding success, the company is poised for significant growth and the opportunity to help homes save energy. By integrating with OEMs and energy suppliers, axle is enabling these businesses to offer consumers lower energy bills. As the demand for energy flexibility continues to rise, axle energy and similar startups are well-positioned to lead the way in reducing costs, emissions, and improving grid stability. the company has developed an API that connects electric vehicles (EVs) and other devices to energy markets. By doing so, axle enables energy suppliers and hardware manufacturers to capitalize on the flexibility of home energy devices, resulting in lower costs, reduced emissions, and improved grid stability.
