Instagrid raises $95 million to enter the North American market

European provider of high-performance portable battery systems, Instagrid, has announced a Series C funding round of $95 million, aiming to continue its growth by entering the North American market, increasing production and expanding its range of mobile power solutions to decarbonise off-grid power.
Instagrid raises $95 million to enter the North American market
Courtesy of Instagrid.

Providing a sustainable alternative to the fossil fuel generators used to power mobile work in construction, film, events and emergency services, Instagrid has shipped close to 30,000 units of its flagship product in 29 countries since it launched two years ago.

With strong demand for clean mobile power solutions expected to continue, backed by supportive policy developments in both Europe and North America, there is a large opportunity set and a mature addressable market for Instagrid’s technology.

As part of its North American expansion, Instagrid has hired US CEO, Rich Romer, and plans to open offices, hire across divisions, and launch new products for use in the United States and Canada.

“Our innovative products have already proven themselves in the market to customers across Europe, and the environmental and health benefits of our portable batteries over combustion generators have been demonstrated” said Instagrid co-founder and co-CEO Dr Sebastian Berning. “Thanks to our unique, proprietary technology, we are sector-leading and peerless in terms of reliability, power, and durability. Our products are significantly more compact, powerful, and mobile than other battery systems. Securing funding from such long-term strategic and experienced partners reflects our strong momentum and will enable us to build on the technology that underpins our success and bring more category-defining products to the market in the near future.”

Instagrid's flagship Instagrid ONE portable battery is lightweight and mobile, designed for use in the most remote locations while also being powerful enough to match the performance of the grid, making it possible to use electricity from renewable sources in any location. On a single charge, the Instagrid ONE portable battery is powerful enough to run welding equipment for an entire day’s work, pump over 55,000 litres of water with a large submersible pump or cut through hundreds of metres of concrete with heavy duty equipment, as well as a host of other commercial applications.

The company is building on its technology to offer a full range of mobile battery solutions. Its upcoming large-scale system is aimed at powering entire film sets or construction sites at a fraction of the size and emissions of comparable systems.

Instagrid’s customers span sectors including construction, film industry, events and media, and emergency services, including Skanska, Loxam (Europe’s leading construction rental company), Swiss Federal Railways, and the Red Cross. The company is also part of the Clean Power Mobile Initiative, funded by Netflix and Disney. Users can also rent an Instagrid unit at locations across Europe.

“We founded Instagrid to decarbonise off-grid power and make it available to anyone, anywhere, anytime” added Instagrid co-founder and co-CEO Dr Andreas Sedlmayr. “Having worked for several years in the battery industry, we saw a crucial gap in the market - numerous portable batteries catered to camping and leisure, but what was missing was a powerful and scalable portable battery solution for professionals. Our customers are leading the way by replacing their combustion generators with Instagrids to increase efficiency, cut down operating costs, and provide pollution-free workplaces. We are thrilled to be joined by two leading global investors whose support will enable us to expand our global footprint by putting our technology in the hands of even more people.”

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