# Axle Energy

**Source:** https://www.startuphub.ai/startups/axle-energy
**Profile type:** Startup

> Turns EV chargers, batteries, and heat pumps into grid-balancing capacity.

## About

Axle Energy is a British energy flexibility platform that transforms distributed energy assets like EV chargers, home batteries, and heat pumps into virtual power plants (VPPs). Their software enables OEMs, energy suppliers, and fleet operators to connect these flexible assets to electricity markets, helping to balance the grid at a lower cost. Axle handles the entire value chain, from asset connection and forecasting to aggregation, market bidding, dispatch, and settlement, allowing partners to monetize flexibility without building their own infrastructure.

## Key facts

- **Slug:** axle-energy
- **Website:** https://exxonmobilfuels.com
- **Location:** London, United Kingdom
- **Founded:** 2023-01-01
- **Operating status:** Active
- **Total funding:** $25M
- **Sectors / tags:** Energy, Cleantech, Artificial Intelligence, Virtual Power Plants, Grid Management, Electric Vehicles, Energy & Climate Tech, Clean Energy, Smart Grid, AI-Driven Grid Balancing, EV Charging, Energy Storage, Virtual Power Plant, Grid Flexibility

## Frequently asked

### What does Axle Energy do?

Axle Energy is a British energy flexibility platform that transforms distributed energy assets like EV chargers, home batteries, and heat pumps into virtual power plants (VPPs). Their software enables OEMs, energy suppliers, and fleet operators to connect these flexible assets to electricity markets, helping to balance the grid at a lower cost. Axle handles the entire value chain, from asset connection and forecasting to aggregation, market bidding, dispatch, and settlement, allowing partners to…

### What is Axle Energy's revenue?

StartupHub estimates Axle Energy's annual revenue at $15.8M (range $3.1M to $26.2M, 35% confidence), based on comparable companies in the sector.

### What is Axle Energy's valuation?

StartupHub estimates Axle Energy's effective valuation at $99.0M (range $62.5M to $150.0M, 25% confidence), based on comparable companies in the sector.

### How much funding has Axle Energy raised?

Axle Energy has raised a total of $25M in funding. The most recent round on record is Series A.

### Where is Axle Energy headquartered?

Axle Energy is headquartered in London, United Kingdom.

### When was Axle Energy founded?

Axle Energy was founded in 2023.

### What industry does Axle Energy operate in?

Axle Energy operates in Energy, Cleantech, Artificial Intelligence, Virtual Power Plants, Grid Management, Electric Vehicles.

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