Last deal

Amount

Seed

Stage

09.06.2022

Date

3

all rounds

$416.25K

Total amount

date founded

Financing round

General

About Company
OXTO Energy pioneers flywheel energy storage technology, revolutionizing the energy landscape.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

OXTO Energy has developed a modular flywheel energy storage system that stores kinetic energy in rotating masses, allowing intermittent renewable generation to continue even when not needed. By storing excess energy and releasing it when demand increases, the system enables utility grid operators to access low-cost and environmentally friendly renewable energy. OXTO Energy aims to transform energy management globally, providing a sustainable solution that accelerates the decarbonization of the planet. Their proprietary hardware technology, Inertia Drive, opens up new possibilities for industries like manufacturing, transportation, and real estate to benefit from advanced flywheel batteries.
Contacts

Contact Email

Social url

Legal Names

Legal name

OXTO Ltd
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Financials

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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 09.06.2022. Their latest investor mHUB. Their latest round Seed

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People

Founders
1
George Prassinos
George Prassinos

George Prassinos

current job

OXTO Energy
OXTO Energy

organization founded

1

George Prassinos

Employee Profiles
2
George Prassinos

George Prassinos

CEO, Founder

Michael Willemot

Michael Willemot

CFO

Activity

Recent News
0