phelas Secures $4.5 Million Seed Funding
The funding will be used to scale up the phelas Liquid Air Energy Storage to Megawatt Scale to deploy the systems in the EU
March 11, 2024
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phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in seed funding. The round was led by E44 Ventures, an Israel-leading climate tech fund, with participation from Axon Partners Group, Deutsche Telekom hubraum Fund, BNV Partners, other investors, and existing angel investors.
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