SAX Power is a manufacturer of energy storage systems aimed at supporting the clean-energy transition. The company’s core product line centers on battery-based storage solutions, though specific technologies and end-markets were not detailed in the article. In its third funding round, SAX Power secured €10 million (~$11.6 million) from a mix of international and regional investors. Management plans to deploy the capital to strengthen the firm’s market position and accelerate industrial-scale production of its storage units. The transaction was advised by WIPIT. By advancing industrial scaling, the company expects to meet rising demand and expand its commercial footprint, positioning itself for the next phase of growth.

Total raised

$11M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2025