£25m funds Modo Energy to expand AI valuation models for electrification assets
This article covers Modo Energy, a London-based energy startup, which has raised £25m in a Series B led by Molten Ventures to expand its data platform for valuing batteries, renewables and other electrification assets. The funding is intended to support expansion from five to 20 markets and to strengthen engineering, data science and customer teams, providing asset owners, operators and financiers with AI-driven valuation and benchmarking tools.
Modo Energy, a London-based energy startup, has raised £25 million in a Series B round led by Molten Ventures to expand its data platform for valuing batteries, renewables and other electrification assets. The funding will finance a market expansion from five to 20 markets and bolster engineering, data science and customer teams as Modo pushes its AI-driven valuation models into new regions.
Why it matters
Accurate, transparent valuation and benchmarking for batteries, grid services and flexible loads is becoming critical as investors channel large sums into electrification. Modo’s product aims to replace static, consultancy-driven analysis with interactive, modelled forecasts that can be used by asset owners, operators and financiers for underwriting and long-term planning. If adopted widely, those benchmarks could influence investment decisions across Europe, North America and APAC.
Inside the product
Modo provides a market data platform that combines benchmarks, revenue forecasts and analytics for electrification assets into a single interface. The company says its outputs are already used by major asset owners, operators and financiers and that "billions of dollars" of assets have been underwritten, operated or valued using its intelligence. Planned product work includes scaling its modelling and deploying more AI-powered valuation workflows that let customers run scenarios and interrogate model assumptions directly.
Who are the investors?
The £25 million Series B was led by Molten Ventures and joined by ETF Partners, MMC Ventures and Fred. Olsen Limited. Molten’s involvement is positioned around climate and electrification-focused investing; George Chalmers, Head of Climate at Molten Ventures, is named in the announcement as a lead contact for the deal.
The round is intended to fund international expansion and product investment rather than an immediate shift in business model. Investors cited Modo’s customer traction, embedding of product into workflows and its modelling ownership as reasons to back the company.
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Founder perspective
In the announcement, Quentin Scrimshire, CEO and Co-Founder at Modo Energy, said:
We’re building the benchmarking and valuation operating system for global electrification - and AI is central to that mission. Because we own our entire modelling stack, we can deliver AI-powered, explainable valuation workflows that replace static analysis with dynamic intelligence systems. It’s a privilege to support our customers with tools worthy of the decisions they’re making.
The bigger picture
The deal highlights how data and modelling tools are becoming investment priorities as the energy transition accelerates. Lenders, utilities and project developers increasingly demand transparent, auditable forecasts to underwrite long-dated assets such as battery storage and grid-flex services. Modo’s focus on explainability and bankable outputs is aimed at that market need.
This funding round sits alongside broader flows of capital into climate tech and energy software in the UK and Europe, where investors are looking for companies that can scale models and standards internationally.
Modo’s expansion plans and the backing from Molten and other investors will be a test of whether a model-led approach can become the default valuation layer across electrification markets in Europe and beyond.
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