Axle Energy
Assembly Line
London’s Axle Energy secures €8.3M from former F1 champion, Accel, others to decarbonise power grid
London-based Axle Energy, an energy flexibility startup, announced that it has secured $9M (approximately €8.3M) funding in a Seed round led by Accel, with participation from existing investors Eka Ventures and Picus Capital. Notable angel investors, including Amit Gudka (founder and CEO of Field Energy); Sierra Peterson (founder of Voyager Ventures); Hanno Renner (founder and CEO of Personio); and Nico Rosberg (Formula 1 World Champion and sustainability entrepreneur), also participated.
The company says it will use the funds to increase its headcount and accelerate its growth across the European energy market.ainability in the F&B industry, and this funding will enable it to solidify its position as an industry leader.