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Spanish clean energy startup Tether secures €1.3 million to turn EVs into the “world’s largest connected battery”

  • Barcelona-based clean energy startup Tether raises €1.3 million to enhance grid resilience and efficiency.
  • Funding secured in a pre-Seed round led by Draper B1 and K Fund, with support from other investors.
  • Tether aims to leverage electric vehicles to create a massive connected battery for the grid.
  • Founder Luis Medina Rivas emphasizes the importance of flexibility in the evolving energy landscape.
  • The technology is designed to reduce CO2 emissions significantly over a car's lifetime.
  • Tether's solution involves coordinating the charging patterns of private electric vehicles.
  • The company plans to expand into Nordic markets to advance the green energy transition.
  • Tether collaborates with EV manufacturers like Audi and Zeekr and charge point operators.
  • The team consists of professionals with expertise in engineering, mathematics, and data science.
  • The funding will be used to extend partnerships, scale teams, and enhance integrations.

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