Funding and M&A Roundup: Scale Energy Raises $2 Million in Seed Funding
UbiQD acquires BlueDot Photonics
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Scale Energy, a Berlin-based industrial battery storage systems developer, secured €2 million (~$2.1 million) in an oversubscribed seed funding round led by Climentum Capital, an early-stage climate tech investor, with participation from Vireo Ventures and existing shareholders Antler and P3A. The funding is expected to help Scale Energy increase its operational footprint across Germany. It aims to roll out 10 GW of decentralized storage projects over the next decade, stating that any organization with a grid connection exceeding 1,000 kW can use its services.
