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Singapore-based Amperesand Raises $12.45M Series Seed Funding

Amperesand Pte. Ltd, a grid infrastructure solutions provider announced $12.45 million Series Seed financing co-led by Xora Innovation, a deep tech early-stage investment platform of Temasek, and Material Impact. They are joined by TDK Ventures, the venture arm of TDK Corporation and Foothill Ventures.

Amperesand Pte. Ltd, a grid infrastructure solutions provider announced $12.45 million Series Seed financing co-led by Xora Innovation, a deep tech early-stage investment platform of Temasek, and Material Impact. They are joined by TDK Ventures, the venture arm of TDK Corporation and Foothill Ventures.

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The Seed funding will enable Amperesand to industrialize and manufacture its groundbreaking technology at scale while building its executive team. Amperesand is poised to be among the first globally to market a compact, modular, and highly scalable solid-state transformer (SST) for applications in multi-megawatt DC fast charging for electric vehicles, microgrids, and data centers. Utilizing cutting edge SST technology, Amperesand is at the forefront of delivering efficient, intelligent, and resilient electrification solutions. The company aims to deliver its commercial systems to a global customer base, with first delivery of systems in the US and Singapore planned for 2025.

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“We see the modernization of the electrical infrastructure as a key mission critical societal event. For that to happen, novel power electronics like the SST developed by the team at Amperesand are needed to enable the future of highly efficient smart grids, while providing significant advantages to existing infrastructure as well. Thanks to their product and solution focused mindset, it is clear to us that Anshuman and his team stands at the forefront of transformative innovation in the energy sector,” said Christian Theriault, Partner at Material Impact.

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“The team at Amperesand is thrilled to have the support of some of the best investors in the world,” said Anshuman Tripathi, Ph.D., Amperesand co-founder and VP of Engineering, “This would not have been achievable without the exceptional support from Xora’s team, crucial in getting our company off the ground, and the shared vision with Material Impact and our entire investor syndicate.”

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“Over 7 years ago, Anshuman and leaders from Singapore’s research ecosystem had the foresight to project the evolution of silicon carbide technology, and the rapidly evolving requirements of power grids, leading to the creation of a highly ambitious solid state transformer research program at NTU. The time for commercialization of SSTs is now right from both a technology and market readiness perspective, and we are excited to partner with the founding team we consider to be in pole position,” said Phil Inagaki, Managing Director at Xora Innovation.

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About Amperesand

Founded in 2023, Amperesand infrastructure systems are built with solid-state transformer (SST) modules. Each module contains silicon carbide (SiC) devices and proprietary high-frequency transformers that are significantly more efficient, flexible, and resilient than traditional transformers. This modularity allows for simple application-specific scaling. Amperesand’s first SST systems will be available in 2, 4, and 6MW units, which can easily be combined for applications with larger power requirements.

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