Epyr Raises €15 Million in Series A Funding
Epyr, a French startup specializing in industrial heat storage solutions, has successfully raised €15 million in a Series A funding round. The round was led by SlateVC, with participation from AENU, Daphni, WEPA Ventures, OVNI Capital, and Aurum Impact.
Strategic Investors
The funding round saw significant interest from a variety of investors. SlateVC took the lead, with additional investments coming from firms such as AENU, Daphni, WEPA Ventures, OVNI Capital, and Aurum Impact. This diverse group of investors underscores the growing interest in sustainable energy solutions.
Use of Funds
The newly secured funds are expected to bolster Epyr's efforts in expanding its industrial heat storage deployments. The company has already achieved a milestone with the commissioning of its first installation at WEPA Group's paper mill, showcasing the potential of its technology to supply heat efficiently.
Leadership Team
Epyr was co-founded by Bastien Oggeri and Lea Dardenne, who have been pivotal in steering the company towards its current growth trajectory. The leadership team is optimistic about leveraging this capital to further enhance their technological offerings.
Future Outlook
With the new investment, Epyr aims to scale its operations and enhance its industrial heat storage solutions, potentially setting a new standard in the industry. The fresh capital will also likely support the company’s efforts in exploring new markets and expanding its customer base.
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