About Ore Energy
Ore Energy is a company based in Amsterdam (Netherlands) founded in 2022 by Aytac Yilmaz and Yaiza Gonzalez Garcia.. Ore Energy has raised $10.86 million across 1 funding round from investors including Positron Ventures. Ore Energy offers products and services including Ore Battery. Ore Energy operates in a competitive market with competitors including Fluence, Alsym Energy, Connected Energy, Younicos and Redback Technologies, among others.
- Headquarter Amsterdam, Netherlands
- Founders Aytac Yilmaz, Yaiza Gonzalez Garcia
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Ore Energy B.V.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.86 M (USD)
in 1 rounds
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Latest Funding Round
$10.86 M (USD), Seed
May 22, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Ore Energy
Ore Energy offers a comprehensive portfolio of products and services, including Ore Battery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides long-duration storage for renewable energy using iron, water, and air.
Funding Insights of Ore Energy
Ore Energy has successfully raised a total of $10.86M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.86 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $10.9M
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First Round
First Round
(22 May 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2024 | Amount | Seed - Ore Energy | Valuation | Positron Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ore Energy
Ore Energy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Positron Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Positron Ventures is focused on funding science-based startups in Europe.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ore Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ore Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ore Energy Comparisons
Competitors of Ore Energy
Ore Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fluence, Alsym Energy, Connected Energy, Younicos and Redback Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy storage systems are supplied for industrial renewable applications.
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| domain | founded_year | HQ Location |
Non-flammable battery solutions are provided for vehicles and storage systems.
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| domain | founded_year | HQ Location |
Battery energy storage systems are supplied to various industries.
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| domain | founded_year | HQ Location |
Battery parks and microgrid systems
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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| domain | founded_year | HQ Location |
Nickel-iron batteries are manufactured for stationary energy storage applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ore Energy
Frequently Asked Questions about Ore Energy
When was Ore Energy founded?
Ore Energy was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Ore Energy located?
Ore Energy is headquartered in Amsterdam, Netherlands.
Is Ore Energy a funded company?
Ore Energy is a funded company, having raised a total of $10.86M across 1 funding round to date. The company's 1st funding round was a Seed of $10.86M, raised on May 22, 2024.
What does Ore Energy do?
Ore Energy was founded in 2022 and is based in Amsterdam, Netherlands. Batteries are developed by the company for the energy storage sector, incorporating air and iron electrodes, water-based electrolytes, and oxygen. These batteries are constructed to be modular, recyclable, and non-flammable. Operations center on advancing sustainable battery technologies, with co-founders Aytac Yilmaz and Yaiza Gonzalez Garcia leading efforts in innovation and scientific development.
Who are the top competitors of Ore Energy?
Ore Energy's top competitors include Fluence, Encell and Connected Energy.
What products or services does Ore Energy offer?
Ore Energy offers Ore Battery.
Who are Ore Energy's investors?
Ore Energy has 1 investor. Key investors include Positron Ventures.
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