Axle Energy raises £18.6m Series A for home energy asset platform

Connecting home energy assets like electric vehicle chargers and heat pumps to electricity markets is the core focus of Axle Energy, which has secured £18.6m in Series A funding. The London-based company provides a platform that allows energy companies and utility providers to optimize energy usage and monetize flexible resources.

Incorporated in 2023, Axle Energy targets European markets with software designed to integrate domestic hardware such as batteries and EV chargers into the wider grid. The platform is designed to shift energy consumption patterns and reduce reliance on fossil fuels by coordinating these distributed assets for both business and domestic users.

The Series A round was documented in May. This follows the appointment of Tyler William Lancaster and Evgeny Loginov to the board of directors in April.

Financial records for the year ended 28 February 2025 show the company employed 10 people. More recent data from LinkedIn suggests the headcount has since grown to 30 employees. The company is headquartered in London and focuses on software development for energy flexibility. Its platform is built to manage the increasing volume of flexible energy resources as more households adopt electric heating and transportation solutions. The platform targets energy companies, utility providers, and end-users across European markets to facilitate the management of a more flexible electricity grid.