Axle Energy is a fast-growing London-based company which operates a “virtual power plant” software platform, coordinating energy usage to help balance the supply and demand of the energy grid, reducing reliance on fossil fuels.  Axle Energy will use the funding to accelerate its growth and further develop its technology across the UK and international markets.

Axle Energy is a repeat client of the firm and we previously advised on its Seed investment round.

The Lewis Silkin team was led by Corporate Partner, David Willbe and Senior Associate, Peter Bates.

Commenting on the transaction, David Willbe said: "We are delighted to have supported the Axle Energy team once again on this significant milestone. It has been a privilege to work alongside them from their Seed round through to this Series A, and we look forward to continuing to support their growth."

Lewis Silkin’s market-leading Venture Capital team regularly advises founders, startups and investors on high-profile funding rounds across the technology sector.