phelas
Latest round
- Seed
Last raised
- Oct 2023
Total raised
- $4.3M
Investors
- 7
About phelas
Based in Munich, Germany, and founded in 2020 by co-founders Christopher Knoch, Florian Kaufmann, Justin Scholz, Leon Haupt, Masoud Ghods, and Pit Sippel, phelas GmbH develops the aurora liquid air energy storage (LAES) system solution for the energy transition to use solar and wind power. The company liquid air energy storage (LAES), Aurora Energy Storage, offers versatile, sustainable, and safe energy storage solutions, leveraging abundant air resources while ensuring ecological, social, and governance responsibilities are met. Aurora utilizes risk-free materials, ensuring safety for both health and the environment. The system provides seamless integration with renewable energy assets, grid stability, revenue optimization, and essential services for the renewable grid of the future. In addition, the firm offers catalyst asset planning to distill intricate energy data into actionable strategies, empowering businesses to optimize their energy storage investments confidently. Catalysts offer advanced analytics, transparent modeling, and evidence-backed decision-making capabilities, providing unparalleled precision in navigating dynamic energy markets. The platform utilizes custom mathematical models for the energy sector to handle market uncertainties through stochastic methods and forecasting to navigate volatility and price fluctuations effectively.
Who invested in phelas
7 investors across 1 round
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Funding rounds
Seed
Oct 27, 2023
Amount
$4.3M
Investors
Questions about phelas
Who invested in phelas?
phelas has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has phelas raised?
phelas has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did phelas last raise money?
phelas's most recent round on record is a Seed, in Oct 2023.
What does phelas do?
Based in Munich, Germany, and founded in 2020 by co-founders Christopher Knoch, Florian Kaufmann, Justin Scholz, Leon Haupt, Masoud Ghods, and Pit Sippel, phelas GmbH develops the aurora liquid air energy storage (LAES) system solution for the energy transition to use solar and wind power.
Where is phelas headquartered?
phelas is headquartered in Munich, Germany.
Which VCs invest in companies like phelas?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back renewable energy companies at phelas's stage. Their profiles are linked below.
VCs backing renewable energy startups at Seed
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