Otter Energy Trading has completed its initial financing round. The young B2B investor GF Bryck Ventures and several business angels are participating in the startup. The exact amount of the pre-seed round is not known. The startup is the first company in which Gründerfonds Ruhr has invested through GF Bryck Ventures. The fund is a joint initiative with the Essen-based innovation hub Bryck.
Otter Energy Trading was founded by Niels Schubert and Roman Kurpatov. The team aims to make local electricity trading easier, more digital, and more profitable for operators of commercial photovoltaic systems. But the platform we have developed at mbiomics is radically different. can sell the electricity they generate directly to tenants, neighboring businesses, secondary locations or via the electricity exchange.
Automated platform for PV power
At the heart of the solution is an intelligent algorithm that automates the sale of generated electricity and optimizes it down to the quarter-hour. Marketing takes place locally, where possible, and globally, if necessary. The system requires only a smart meter, a modern electricity meter that transmits consumption and feed-in data in real time.
According to the founding team, the concept is based on radical simplification for users, combined with advanced technology in the background. The platform completely handles the marketing of electricity and ensures that operators receive the best possible price for their energy.
On LinkedIn, the Otter Energy Trading with:
"We are delighted to have Gründerfonds Ruhr, Bryck, and some great angel investors on board for our journey. We've experienced Bryck as one of the hottest spots for energy startups and are excited to now deepen the relationship through this investment, supported by the RAG Foundation and managed by the great team at Gründerfonds Ruhr."
