ElectronX is building a market for electricity trading

Here’s a summary of the relevant information regarding ElectronX from the provided text:

Startup

• Name: ElectronX

Founders

• Founders: Not specified in the text.

Fundraising Details

1. Series A:

   • Amount Raised: $10 million
   • Date: Not specified (recently after the seed round)
   • Lead Investor: Systemiq Capital
   • Participating Investors: Equinor Ventures, Shell Ventures, Innovation Endeavors
2. Seed Round:
   • Amount Raised: $15 million
   • Date: June 2024

Investors

• Lead Investor (Series A): Systemiq Capital
• Participating Investors:
  • Equinor Ventures
  • Shell Ventures
  • Innovation Endeavors

Additional Information

• Context: ElectronX aims to build an exchange for intraday electricity trading to help manage volatility and risk in renewable energy markets.
• Approval Status: The company is awaiting approval from the Commodity Futures Trading Commission.

Date of Article/Event

• Event Location and Date: Berkeley, CA on June 5

This summary presents the key details, though the founders’ names were not mentioned in the provided text.

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2025-02-19 17:05:51