Axle, an energy technology company helping distributed energy assets participate in electricity markets, has raised $25 million in a Series A round led by Energize Capital, with continued backing from Accel, Picus Capital, and Eka. The investment will accelerate international expansion, strengthen the platform, and support growth across Europe and additional global markets.
Expanding Flexible Energy Markets
Over the past three years, Axle has enabled hundreds of gigawatt-hours of grid flexibility, helping consumers earn millions of pounds while supporting the transition to a more balanced electricity system. The platform connects batteries, electric vehicles, heat pumps, and other distributed energy resources to electricity markets, allowing grid operators to manage congestion and balance supply and demand more efficiently.
Energy suppliers, device manufacturers, and fleet operators use Axle’s software to integrate assets into dozens of energy markets. The platform also enables customers to create programs that reward consumers for providing flexibility to the grid.
Growth Plans
The new funding will help Axle expand internationally and make participation in energy markets easier for distributed energy devices worldwide. As renewable energy adoption grows and electricity demand rises, the company aims to provide the infrastructure needed to support more resilient, flexible, and low-carbon power grids.