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Azelio

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Renewable power when and where it is needed through a unique thermal storage with dispatchable electricity production

Göteborgs Stad, SwedenFounded 2008Energy
Valuation $0–100M Latest valuation · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Azelio

Azelio is a Swedish company revolutionizing the renewable energy sector with its innovative energy storage solutions. The company has developed the TES.POD, a system that stores renewable energy, such as wind or solar power, and provides up to 13 hours of clean, affordable electricity. This addresses one of the biggest challenges in renewable energy: how to store energy reliably and cost-effectively.

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Azelio's TES.POD combines advanced storage design with proven power production technology, enabling continuous, around-the-clock clean power. The company primarily serves clients in the energy sector, including utility companies and industrial clients, across various regions such as North America, Africa, and the Middle East.

Azelio operates in the renewable energy market, focusing on distributed and dispatchable solar electricity. Distributed energy means generating electricity close to where it will be used rather than at a large, central plant. Dispatchable energy refers to power sources that can be turned on or off as needed.

The business model of Azelio involves partnering with other companies to deploy its TES.POD systems. For example, in Zambia, Azelio has partnered with ND Power for a 7.5 MW project, and in the USA, it has teamed up with Trimark for a 45 MW project. These partnerships help Azelio expand its market reach and implement its technology on a larger scale.

Azelio makes money by selling its TES.POD systems and through collaborations with other companies for joint energy storage projects. These collaborations often involve large-scale installations that generate significant revenue.

In summary, Azelio is a forward-thinking company providing innovative energy storage solutions that make renewable energy more reliable and accessible. Its focus on partnerships and large-scale projects positions it well in the growing renewable energy market.

Source: Dealroom company data

At a glance

Founded
2008
Headquarters
Göteborgs Stad, Sweden
Sector
Energy

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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China20%
1 country shown

Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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