Octave.energy raises €10m Series A for European expansion
SPDG Growth led the round, with Imec.iStart, BNP Paribas Fortis and KBC participating.
Octave plans to expand sales and operations in the Netherlands, France and Germany and continue development of its energy-management and asset-management platforms.
The company reports more than 200 MWh of delivered systems, over 400 business customers and three consecutive profitable years, including €16m revenue in 2025.
The financing supports scaling integrated battery storage and software from that installed base across Europe.
Use of funds
Expand sales and operations in the Netherlands, France and Germany
Continue developing the Energy Management System and asset management platforms
Scale integrated battery storage and energy-management solutions across Europe