Beebop.ai has raised $5.5 million in a Seed Round led by Angular Ventures, with support from Contrarian Ventures. The company, specializing in virtual power plant technology, is already working with major utilities and manufacturers across Europe, the UK, and the Middle East. It expects to manage over 100,000 residential assets in the coming year.
With this funding, Beebop is set to revolutionize energy management by turning residential assets into valuable resources for the grid, driving sustainability and cost savings in a rapidly evolving energy landscape.
As global electricity consumption rises due to the adoption of electric vehicles, heat pumps, and data centers, energy grids face increasing pressure. The challenge is compounded by the growing reliance on intermittent renewable energy sources, necessitating new solutions to maintain grid reliability and prevent surging electricity prices.
Household storage devices, heat pumps, and EV chargers can provide flexibility to the power system. By controlling when these devices draw power from the grid, the system can maintain balance while helping consumers reduce energy costs.
Beebop’s software integrates residential devices into the power grid, allowing utilities and OEMs to cut energy bills by up to 50% while lowering emissions. Recent AI breakthroughs enable Beebop to manage millions of devices and create highly scalable and cost-effective virtual power plants (VPPs).
Regulatory changes, such as the U.S. FERC Order 2222, are paving the way for distributed energy resources to participate in the energy market. In the U.S. alone, leveraging idle capacity could save over $15 billion annually and reduce carbon emissions by over 100 million tons.
Beebop is led by Jan-Willem Rombouts, a veteran in grid flexibility who previously founded and scaled Virtual Power Plant pioneer REstore NV. His co-founders include Sandra Trittin, who founded cleantech aggregator Tiko Energy Solutions, and former REstore NV executive Prof. Bert Claessens.
Commenting on the funding round, Rombouts said, “We are excited to build Beebop with a team of industry veterans and now backed by outstanding investors. Our software is the new abstraction layer driving material cost and emission savings for end-consumers.”
David Peterson, Partner at Angular Ventures, added, “The founders of Beebop have both the vision and technical expertise to solve the challenge of orchestrating behind-the-meter devices at scale. We’re thrilled to support them in building the infrastructure that will power the grid of the future.”
Tomas Kemtys, Partner at Contrarian Ventures, also expressed enthusiasm for the investment, noting that Beebop’s solution is well-timed to empower consumers as key contributors to grid resiliency.
