Initial funding provided for Otter Energy Trading
In a groundbreaking move, Gründerfonds Ruhr, a leading German venture capital firm, has invested in Otter Energy Trading, a promising startup that aims to revolutionise local electricity trading for operators of commercial photovoltaic systems. This investment marks the first venture by Gründerfonds Ruhr through GF Bryck Ventures, and deepens their journey in supporting innovative energy solutions.
Founded by Niels Schubert and Roman Kurpatov, Otter Energy Trading has completed its initial financing round, welcoming Gründerfonds Ruhr, Bryck, and several business angels as key partners. The RAG Foundation also supports this investment, further underlining the potential of Otter Energy Trading in the energy sector.
The Otter Energy Trading platform is designed for radical simplification, allowing operators to sell the electricity they generate directly to tenants, neighbouring businesses, secondary locations, or via the electricity exchange. The system, which requires a smart meter for operation, handles the marketing of electricity, ensuring operators receive the best possible price for their energy.
At the heart of the Otter Energy Trading platform is an intelligent algorithm that automates and optimises the sale of generated electricity on a quarter-hour basis. This core feature simplifies the process of trading electricity, making it more accessible for commercial photovoltaic operators.
The investment was made in collaboration with the Essen-based innovation hub Bryck, a hub known for its support of energy startups. Otter Energy Trading expressed their excitement about deepening their relationship with Bryck through this investment. They also consider Bryck as one of the hottest spots for energy startups, reflecting the vibrant energy ecosystem in the region.
Marketing is done locally, if possible, and globally, if necessary, ensuring a wide reach for the electricity generated by the operators. On LinkedIn, Otter Energy Trading expressed their delight about having Gründerfonds Ruhr, Bryck, and business angels on board for their journey, signifying a promising future for the startup.
As the world moves towards a more sustainable and digital future, Otter Energy Trading is set to play a significant role in simplifying and digitising local electricity trading, making it more profitable for operators of commercial photovoltaic systems.
- Gründerfonds Ruhr's investment in Otter Energy Trading, a startup that aims to revolutionize local electricity trading, is a testament to their commitment towards financing and supporting innovative energy solutions in the business sector.
- The investment by Gründerfonds Ruhr, Bryck, and several business angels in Otter Energy Trading's initial financing round underscores the potential of this startup in the energy market, especially with its platform designed for simplifying and automating electricity trading.
- Recognizing the vibrant energy ecosystem in the region, Otter Energy Trading considers the collaboration with the innovation hub Bryck, a supporter of energy startups, as an essential step towards expanding their business and contributing to the digital and sustainable future of the energy sector.
