ROTTERDAM, Netherlands – October 19, 2023 – Skoon Energy, the leading AI-powered software platform for clean mobile energy, today announced the closing of €5M in Series A funding, led by American VC Blue Bear Capital, with participation from Graduate Entrepreneur Fund. The new funding enables Skoon to grow its team, advance the development of its software platform, and expand into new global markets.
Founded in 2017, Skoon Energy aims to reshape on-site energy supply by connecting users of traditional fossil fuel powered generators with suppliers of clean mobile energy systems, such as batteries, hydrogen, and solar generators. The company’s AI-powered software platform enables customers to select the best energy system for their specific needs, actively monitor their energy usage, and report on carbon savings with the click of a button.
By facilitating both supply and demand, Skoon enables cost-effective, zero-emission energy for applications such as construction sites, events, and on-site film production. Suppliers of Skoon’s clean energy systems benefit from increased asset utilization through its marketplace. Skoon’s software tools centralize financial and energy data, so it can be used to better manage their rental fleet.
Skoon’s online marketplace has more than 150 verified suppliers from the world’s largest network of clean mobile energy systems, which solve temporary power needs across various markets and end users. Currently, Skoon’s platform is being used by rental companies across Europe including Atlas Copco, Volta Energy and Morillo Energy, as well as large scale energy users such as Vattenfall, the Dutch Ministry of Defence and the Port of Amsterdam.
With scalable and data-driven access to energy systems globally, grid operators can turn to Skoon to enable flexibility in the electricity grid. Instead of relying on legacy infrastructure, which can be outdated, grid operators can deploy a mobile grid — mobile energy systems — to support or replace their electricity grid at scale. This flexibility in time and location placement allows grid operators and their customers to save costs and efficiencies to unlock the benefits of freedom in planning.
“The energy market today is going through tremendous growth and rapid change, which is challenging for most companies to keep up with. Our years of experience replacing fossil fuel generators at project sites, such as construction and film sets has positioned Skoon perfectly to provide clean mobile energy solutions everywhere. This also means Skoon is ready to tackle grid congestion challenges at a large scale,” said Peter Paul van Voorst tot Voorst, founder/CEO, Skoon Energy. “The funding from Blue Bear Capital and Graduate Entrepreneur Fund not only validates our platform’s value, but also serves as a critical launchpad to realize our vision to replace the use of fossil fuels at on-site projects and to provide clean power and true flexibility to electricity grids, globally.”
At least $21.4 trillion needs to be invested in the electricity grid by 2050 to support a net-zero trajectory for the world, according to BloombergNEF. Currently, electrification across buildings and transportation continues to gain momentum; however, the use of dirty fossil-fuel powered generators for temporary applications continues to remain high as these legacy systems are still being used to fight grid congestion or avoid black-outs.
“Skoon unlocks access to low-carbon power generation to decarbonize the $10b global power rental market,” said Dr. Carolin Funk, partner at Blue Bear Capital. “Their platform provides an integral service that connects hard-to-electrify use-cases with innovative suppliers, reducing reliance on fossil fuels and improving overall grid stability.”
“Flexibility is the future of electricity, and Skoon is the gateway to that future—a platform for easy access to clean mobile energy systems,” said Auke van den Hout, managing partner at Graduate Entrepreneur Fund. “Peter Paul, Daan and the Skoon team have the right background to scale this business. As new investors, we are very excited to support them through our international networks.”
The Series A round follows investments by Kees Koolen, early investor and CEO of Booking.com and former COO of Uber; Damen Shipyards, the Netherlands oldest family-run maritime services company; and Rabobank, one of Netherlands’ premier banking institutions.
Information about the new investors
About Blue Bear Capital
Blue Bear is a venture capital and early growth equity firm driving the expansion of digital technologies into multibillion-dollar verticals across the energy, infrastructure, and climate industries. The team comes from leading energy private equity firms and features technology expertise from the tech startup world alongside operational leadership from large-scale technology developers and adopters. Blue Bear’s portfolio covers operational AI, IoT, and cybersecurity technologies, all deployed with enterprise customers to drive connectivity and efficiency across the world’s most critical industries. More information can be found at www.bluebearcap.com.
About Graduate Entrepreneur Fund
Graduate Entrepreneur Fund is a €58 million early stage fund that partners up with visionary alumni founders from the universities of Delft and Rotterdam. It provides its companies with capital and support from an extensive network of +140 successful entrepreneurs and business leaders. The dedicated fund team of experienced investment professionals has a tech-agnostic focus and is able to effectively mobilize what start-ups need through deep scaling expertise. More information can be found at www.graduate.nl.
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