Cepro has announced it has secured funding of over £600,000. The raise was led by James Hall-Smith and Harry Seekings, experienced infrastructure investors and former principals at InfraRed Capital Partners. As part of the investment, both have joined the board as Directors, with James appointed as Chair.
“Securing significant investment means Cepro is now perfectly poised to help drive the UK’s domestic energy transition from a legacy, top-down grid to a digital, bottom-up network” said Damon Rand, Co-Founder and Head of Product at Cepro. “The advent of millions of devices operating in a decentralised, interlinked fashion is a transformational shift in the energy sector creating an unparalleled opportunity for new digital approaches to reimagine and revolutionise how we generate, distribute, and consume energy. Cepro is excited to be leading this change"
This seed funding will be used to further their vision of affordable, clean and sustainable energy for every community. Specifically, the seed funding will be used in three areas:
Unrivalled customer experience. Further developing microgrid technology that fuses innovative design with an intuitive customer interface, turning complex energy systems into user-friendly solutions.
Mass adoption of new-build community microgrids. Expanding our footprint in the UK's construction industry with an ambitious lineup of new-build projects, aiming to propel the microgrid concept into mainstream housing.
Electrifying neighbourhoods. Enabling the integration of advanced microgrid technology into existing homes, making clean, efficient energy accessible to all.
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