Mirai Power has received an investment of undisclosed amount from Foresight Energy Infrastructure Partners II. The Munich-based startup develops battery storage systems in Germany. With the capital, the company wants to further expand its project pipeline and accelerate its expansion.
Mirai Power plans, builds, and operates large battery storage systems in Germany. Founded in 2024, the company already has projects with a total capacity of 12.5 gigawatts in its pipeline, according to its own statements. The focus is on storage systems that are directly connected to the main power grid. In addition, the startup is also pursuing individual projects in regional power grids. For Foresight, this was an important reason for the investment, according to its own statements.
Founding team remains in charge
The founding team of Mirai Power will continue to lead the company. With Foresight’s investment, Mirai Power wants to expand its platform not only in Germany but later also into other international markets. The timeline for this step and which countries are in focus remain open.
Richard Thompson, Partner at Foresight and Co-Manager of Foresight Energy Infrastructure Partners II, says:
“Battery storage is a crucial factor for the energy transition and provides the flexibility and resilience needed to decarbonize power grids. Mirai has built an impressive platform in a highly competitive market and combines technical expertise with a strong pipeline of high-quality projects.”
Thompson also places the investment within the fund’s strategy. According to this, Foresight Energy Infrastructure Partners II wants to build a pan-European provider of flexibility solutions. For Mirai Power, the investment means access to capital for further platform expansion, according to the investor.
Expansion in Germany
Mirai Power also has clear expectations linked to the investment. Marco Frascati, Managing Director and co-founder of Mirai Power, describes the investment as an important step for the company’s future growth:
“Foresight’s investment represents an important milestone for Mirai’s growth. It enables us to drive forward the project pipeline developed in Germany and continue our rapid expansion.”
According to Frascati, the market for battery storage is growing globally, while consolidation is already underway in individual countries. For Mirai Power, the partnership with Foresight is therefore an important step to implement its own strategy. The startup wants to further develop, realize, and operate its projects. At the same time, the company is looking at other markets with medium and long-term potential for flexibility services and is reviewing new business models and technologies.
