- Amperesand raised $12.4 million to scale its solid-state transformer tech for EV charging.
- Its leaders aim to commercialize innovations originating from university R&D.
- The seed funding will fuel industrialization and market delivery of SST systems.
Singapore-based electrical infrastructure startup Amperesand has secured $12.4 million in seed funding to scale its solid-state transformer (SST) technology targeting electric vehicle charging applications.
The oversubscribed round was co-led by Temasek’s deep tech investment arm Xora Innovation, and venture capital firm Material Impact.
Why choose SST for EV charging?
Founded by power electronics veterans from ABB, GE, Siemens, and Vestas, Ampersand leverages SST systems to enable high-efficiency charging solutions for EVs, microgrids, and data centers.
SSTs utilize high-frequency transformers that outperform traditional options, especially for applications requiring significant power.
Commercializing SST technology
Originating from an SST R&D program at Nanyang Technological University, Ampersand is now pushing to commercialize and manufacture its innovations at scale.
The injection of seed funding will fuel industrialization and market delivery. “The time for commercialization of SSTs is now,” remarked Xora MD Phil Inagaki.
Amperesand’s specialized SST technology aims to upgrade EV charging hardware and grid infrastructure. Its leaders view the seed raise as pivotal to seizing the first-mover advantage in realizing SST systems’ long-promised potential across promising segments like electric mobility.
