Berlin-based startup Terra One has secured a substantial $7.5 million in seed funding to ramp up
its innovative battery storage systems across Germany.
Terra One sources lithium-ion batteries from industry leaders such as Tesla and CATL. These
batteries are strategically positioned near transmission lines or substations and integrated into the
grid via collaboration with Germany’s extensive network of 800 grid operators.
The recent funding round, led by PT1 and Neosfer, underscores investor confidence in Terra One’s
pioneering approach. Notable participants include 468 Capital, N26 co-founder Maximilian
Tayenthal, and scout funds affiliated with industry giants like Andreessen Horowitz and
Hedosophia.
https://ceoworld.biz/2024/04/25/terra-one-secures-7-5-million-in-seed-funding-to-ramp-up-its-battery-storage-systems/#google_vignette
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