Otter Energy Trading secures pre-seed funding to develop an automated platform for efficient local electricity trading, supported by GF BRYCK Ventures and business angels.

Information on the Target

Otter Energy Trading, a Munich-based ClimateTech startup, has successfully completed a pre-seed financing round aimed at enhancing its automated platform for local electricity trading. The recent funding has been secured from notable investors, including the GF BRYCK Ventures fund and experienced business angels. The objective is to utilize the raised capital to expedite the development of their technology and facilitate a timely market launch.

The startup's innovative platform enables operators of photovoltaic (PV) systems to efficiently market their self-generated electricity. Through Otter Energy Trading, PV system owners can automatically sell their electricity locally to tenants or to secondary locations and other companies, or even on the stock exchange. This model allows them to attain significantly higher profits than what is possible under the current EEG remuneration system.

Industry Overview in Germany

Germany has made remarkable strides in decentralized power generation over the last few decades. With a strong commitment to renewable energy sources, the country has established it