Otter Energy Trading has completed its first funding round. Young B2B investor GF Bryck Ventures and several business angels are investing in the startup. The exact amount of the pre-seed round is not disclosed. The startup is the first company in which the Ruhr Founder Fund invests via GF Bryck Ventures. The fund is a joint initiative with the Essen innovation hub Bryck.
Otter Energy Trading was founded by Niels Schubert and Roman Kurpatov. The team aims to make local electricity trading simpler, more digital, and more profitable for operators of commercial photovoltaic systems. Users of the platform can sell their generated electricity directly to tenants, neighboring businesses, secondary locations, or via the electricity exchange.
Automated platform for PV electricity
The core of the solution is an intelligent algorithm that automates the sale of generated electricity and optimizes it down to the quarter-hour. Marketing is local when possible – and global when necessary. The system requires only a smart meter, a modern electricity meter that transmits consumption and feed-in data in real time.
According to the founding team, the concept is based on radical simplification for users, combined with advanced technology in the background. The platform handles electricity marketing completely and ensures that operators achieve the best possible price for their energy.
On LinkedIn, Otter Energy Trading shares:
“We’re excited to have the Ruhr Founder Fund, Bryck, and some great angels on board for our journey. We’ve experienced Bryck as one of the hottest spots for energy startups and look forward to deepening the relationship through this investment, which is supported by the RAG Foundation and managed by the great team at the Ruhr Founder Fund.”
