# phelas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phelas

- Industry: Renewable Energy
- Headquarters: Munich, Germany
- Website: www.phelas.com
- Total disclosed funding: $4.3M
- Latest round: Seed (Oct 27, 2023)
- Investors on record: 7

## About

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. In October 2023, phelas GmbH raised EUR 4.1 million in seed funding co-led by new investors BP Ventures and E44 Ventures, with participation from other new investors Axon Partners Group, Deutsche Telekom, BNV Partners, PELABA Beteiligungs GmbH, In-motion TAV GmbH, and Next Floor GmbH. Individual and other unspecified investors also participated in the round.. 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. The company plans to use the March 2024 funding to expand its liquid air energy storage technology to a megawatt-scale and deploy systems throughout the European Union.

## Funding rounds

- Seed, Oct 27, 2023, $4.3M — Axon Partners Group, BP Ventures, Deutsche Telekom, E44 Ventures, BNV Partners, Next Floor, In-motion TAV GmbH

## Investors

- Axon Partners Group (https://capitalatlas.ai/funds/axon-partners-group) — Seed
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Seed
- Deutsche Telekom — Seed
- E44 Ventures — Seed
- BNV Partners (https://capitalatlas.ai/funds/bnv-partners) — Seed
- Next Floor — Seed
- In-motion TAV GmbH — Seed