Target Information

Akselos, headquartered in Lausanne, Switzerland, is a pioneer in physics-based digital twin technology. The company has developed advanced engineering simulation solutions that offer a 1,000-fold increase in speed and a tenfold improvement in accuracy compared to conventional methods for modeling large-scale energy assets. Akselos' digital twin technology enables the creation of precise virtual replicas of energy infrastructure, such as offshore wind turbines and their foundations, thereby enhancing asset monitoring and management.

Founded in 2012, Akselos has successfully implemented its innovative software with over 40 global clients and has a dedicated workforce of more than 90 professionals. The company's objective is to support the energy sector's transition towards established sustainability goals, particularly the IEA's Net Zero 2050 roadmap. Through its products, namely Akselos Integra and Akselos Innovate, Akselos plays a critical role in safeguarding vital energy operations, optimizing design, and prolonging the longevity of aging infrastructure.

Industry Overview in Switzerland

The energy sector in Switzerland is characterized by a strong commitment to sustainability and innovation. The country has long been recognized for its contributions to renewable energy, particularly hydropower, which constitutes a significant portion of its energy supply. In recent years, the Swiss government has intensified efforts to transition toward cleaner energy solutions, aiming to minimize carbon emissions and promote energy efficiency through various initiatives.

Moreover, Switzerland's geographical and political stability has made it an attractive hub for energy innovation. This environment fosters collaboration between technology firms and established energy companies, paving the way for the adoption of advanced technologies. Countries worldwide are increasingly looking to Switzerland as a model for integrating renewable sources, thereby supporting the transition to a more sustainable energy landscape.

As the global energy market shifts toward greater reliance on renewables, the demand for innovative solutions that enhance operational efficiency and reliability is escalating. Startups and established firms in Switzerland are responding to this opportunity by investing in digital technologies that optimize the performance of renewable energy assets.

Rationale Behind the Deal

The recent funding round of $16.5 million will significantly enhance Akselos' capabilities to expand its workforce and refine its technology offerings. The strategic investments from notable entities like AT Capital Group, Future Energy Ventures, Japan Energy Fund, and Shell Ventures signal strong support for the company's vision of amplifying global energy transition efforts. This influx of capital is crucial for further development of their digital twin technology, which is already proving transformative in asset management within the energy sector.

By improving operational efficiencies and extending the life of critical energy infrastructure, Akselos positions itself as an essential player in the industry, capable of meeting emerging energy demands and sustainability objectives head-on. This funding will facilitate the necessary growth to meet these goals while enhancing the competitive edge of the company.

Investor Information

The investors in this funding round are prestigious firms with a vested interest in sustainable energy technologies. AT Capital Group is a family office based in Singapore with over $2 billion in assets focused on renewable energy and real estate. Future Energy Ventures, part of E.ON, specializes in investments that reshape the future energy landscape through digital technologies. Japan Energy Fund, supported by major Japanese corporations, invests in decarbonization tech across advanced energy markets, while Shell Ventures drives innovations that facilitate energy and mobility transformations globally.

This diverse group of investors brings invaluable expertise and resources, which will be instrumental in propelling Akselos' strategy to optimize energy infrastructure and promote scalable renewable projects. Their collective backing underscores confidence in Akselos’ potential for growth and reflects broader trends of investor interest in the clean energy transition.

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From an analytical perspective, the funding round for Akselos represents a strategic investment opportunity within the rapidly evolving energy sector. Given the increasing global focus on renewable energy and environmental sustainability, Akselos’ advanced technology solutions are well-positioned to capitalize on these trends. The company’s ability to drive operational efficiencies in energy infrastructure presents substantial long-term value potential.

The expertise and strategic alignments of the investors involved further bolster the positive outlook for Akselos. Their knowledge in fostering innovative technologies can facilitate the company’s expansion and integration into various energy markets, enhancing its competitive positioning. Moreover, Akselos' existing clientele of over 40 customers suggests a solid demand foundation for its services.

However, like any investment, potential risks exist, particularly regarding the company's capacity to manage growth effectively while navigating the complexities of the energy landscape. The investment landscape can be volatile, and as Akselos scales its operations, it must ensure that its technology continues to meet evolving industry standards and customer needs.

Overall, the investment in Akselos is likely to be a good one, particularly as the trend toward digital transformation within the energy sector accelerates. With strong support from capable investors and a commitment to innovation, Akselos is well-equipped to lead the charge for more efficient and sustainable energy solutions.

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AT Capital Group, Future Energy Ventures, Japan Energy Fund, Shell Ventures

invested in

Akselos

in 2022

in a Series A deal

Disclosed details

Transaction Size: $17M

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