Initial backup funds for ventures in otter-based energy field
In a significant move for the renewable energy sector, Munich-based startup Otter Energy Trading has secured funding from GF Bryck Ventures and several business angels. The investment, supported by the RAG foundation, marks a strategic partnership that is set to deepen the relationship between Otter Energy Trading and Bryck, an Essen-based innovation hub.
Founded by Niels Schubert and Roman Kurpatov, Otter Energy Trading aims to revolutionise the way commercial photovoltaic system operators trade power locally and globally. The startup's platform is designed for radical simplification, digitalising, and making power trading more profitable.
At the heart of the solution is an intelligent algorithm that automates and optimises the sale of generated power on a quarter-hourly basis. This allows operators to achieve the best possible price for their energy. The system requires a smart meter, a modern electricity meter that transmits consumption and feed-in data in real-time.
With the platform, users can sell their generated power directly to tenants, neighbouring businesses, secondary locations, or through the power exchange. This local marketing approach is implemented when possible, with global marketing undertaken when necessary.
The Otter Energy Trading team is thrilled to have the RAG foundation, Bryck, and business angels on board for their journey. They view Bryck as one of the hottest spots for energy startups. The investment by Bryck has been described as fantastic by the Otter Energy Trading team.
Otter Energy Trading has closed its first round of funding, making it the first company invested in by Ruhr via GF Bryck Ventures. The investment is managed by the team of the founder fund Ruhr.
As the world continues to transition towards renewable energy, startups like Otter Energy Trading are leading the charge in making this transition more efficient and profitable. For more detailed information, visit the company's official website or contact them directly.
The financial support from GF Bryck Ventures and business angels, coupled with the investment managed by the team of the founder fund Ruhr, will provide Otter Energy Trading with the necessary finance to further develop their technology and revolutionize the way commercial photovoltaic system operators trade power. This investment will not only Deepen the relationship between Otter Energy Trading and Bryck, an Essen-based innovation hub, but also enable Otter Energy Trading to implement cutting-edge technology in their platform.
