Amperesand raises $12.5M seed round to remake the humble 140-year-old transformer
02/07/24, 3:58 PM
Location
singaporeMoney raised
$12.5 million
Industry
solar
renewable energy
energy
manufacturing
Investors
Foothill Ventures, Tdk Ventures, Material Impact, Temasek, Xora Innovation
Amperesand has raised a $12.45 million seed round to support the commercialization of the silicon-carbide solid-state transformer technology. The round was co-led by Xora Innovation, Temasek’s early-stage arm, and Material Impact, with participation from TDK Ventures and Foothill Ventures.
Company Info
Location
singapore, southeast asia, singapore
Additional Info
Amperesand’s infrastructure solutions, powered by novel solid-state transformer (SST) technology, enable efficient, intelligent, flexible, and resilient electrification on a global scale. Its core SST technology was pioneered at the Energy Research Institute at Nanyang Technological University (NTU) in Singapore. Amperesand was incubated by Xora and established in 2023.