November 13, 2024

Sympower scores new investment of €21.3 million

🔋 Charging up Europe’s energy future! Our portfolio partner Sympower just raised an impressive €21.3 million in an oversubscribed Series B1 round, led by A&G Energy Transition Tech Fund, with backing from European Investment Fund (EIF) and co-investors Activate Capital, PDENH, Expon Capital, and of course, Rubio! 💰🌱

⚡ As Europe pushes for smarter, adaptable grids, Sympower is leading the charge—helping to build resilience and efficiency where it’s needed most. Since our initial investment, they’ve enabled grids to avoid over 600,000 tonnes of CO₂ emissions, creating real impact! With operations across Europe and up to 5 gas power plants replaced, their network of over 2GW in flexible power is just the beginning! 🌍🌱

With this new boost, Sympower is set to expand battery storage solutions, explore exciting M&A opportunities, and deepen their reach across Europe.

Congrats to Simon Bushell, Herman Vos, Kim Essebaggers – Verdouw, Vicky McIvor, Alexandre Jennaoui, Bo Kristensen, Claire Scott, Kevin Gjerstad, and the entire Sympower team for reaching this milestone! Let’s keep pushing towards a sustainable, flexible energy future. 🚀

📸 Check out Sympower’s leadership & supervisory board—looking sharp! Featuring Nancy Kabalt, Anup Jacob, and Rubio’s own Helmer Schukken.