Amplicity raises US$1M to turn idle backup batteries into profit engines
e27 covers Amplicity's US$1M seed round led by strategic angels with continued backing from ENGIE - and the retrofit-as-a-service model that turns idle UPS assets at data centres and industrial sites into revenue-generating batteries.
e27 reports that Amplicity, an energy asset optimiser for industrial sites and data centres, has closed a US$1 million seed funding round. The round was led by a group of strategic angel investors, with continued backing from global energy major ENGIE remaining on the cap table.
The Singapore startup helps data centres monetise unused UPS batteries while reducing energy costs, emissions and grid pressure across the region. Most backup batteries - including UPS systems at data centres and industrial sites - are built solely for resilience and remain idle over 99% of the time.
Amplicity enables these assets to generate revenue whilst maintaining their primary resilience function. The technology allows idle batteries to reduce electricity costs through peak management and earn recurring revenue from energy markets, operating within site-approved guardrails to ensure zero operational disruption.
The company will use the funds to deploy its first commercial projects in Singapore, while accelerating early momentum in Australia - two markets facing rising energy costs, grid volatility and growing pressure to meet Scope 2 commitments.
