Osborne Clarke has advised Terra One Climate Solutions GmbH on its recently successfully completed seed financing round totalling USD 7.5 million.
Terra One, founded in 2022 by Tony Schumacher and Thomas Antonioli, has set itself the goal of enabling the energy transition through better storage technology. The Berlin-based start-up works in the field of project development and operation of grid-connected large-scale battery storage systems. With the help of their container-based lithium-ion storage solutions, energy from renewable sources should be available exactly when it is needed.
Their business model is to operate and market the systems as a kind of independent power producer for batteries, explained Antonioli. At the heart of this is the self-developed, AI-based trading software, which decides in which market, i.e. day-ahead, spot market or balancing energy, at what time and at what price a storage system is marketed. The application is fed with millions of data from the electricity exchange, both successful trades and offers, according to the Terra One CFO. Using the software saves the company the need for a trading desk and enables it to manage many storage facilities in parallel in the future.
The start-up has now successfully completed its seed financing round of USD 7.5 million. Terra One intends to use the capital raised to drive forward its vision of building Europe's leading battery optimiser and thus make a significant contribution to achieving climate targets. Specifically, the financing will be used to further expand the team and develop Terra One's battery optimisation software and project pipeline.
The Osborne Clarke team that advised Terra One under the lead of Dr Paul Rhode and partner responsibility of Nicolas Gabrysch consisted of Till-Manuel Saur (all Corporate / VC), Kamissa Kruse, Karina Naumann (both Employment) and Ann-Kristin Lochmann (Tax).
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