Investor check. Temasek’s Xora Innovation and Material Impact co-led the round, while TDK Ventures and Foothill Ventures joined in!
⚡ Full charge
Conventional transformers are great—but solid-state transformers (SSTs) are even better.
Amperesand’s silicon carbide SSTs are more efficient, flexible, and resilient than traditional transformers. Oh, and they also don’t need extra equipment to regulate voltage and frequency.
Why it matters. Ensuring that power grids are stable is incredibly important, especially when Singapore is beginning to transition to EVs.
SG, represent. Scientists in the Energy Research Institute at Nanyang Technological University in Singapore developed the tech!
💡 What’s with the $$$?
With the new funds, they’ll focus on commercializing their SST technology. They’re planning to deliver the first units to the US and Singapore next year.
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