Companies news
Amplicity raises $1m seed round to turn idle backup batteries into revenue-generating energy assets
Singapore - 28 April 2026 - Amplicity, an energy asset optimiser for industrial sites and data centers, today announced it has closed a $1 million USD seed funding round. The round was led by a group of strategic angel investors, with continued backing from global energy major ENGIE remaining on the cap table.
The company will use the funds to deploy its first commercial projects in Singapore, while accelerating early momentum in Australia - two markets facing rising energy costs, grid volatility, and growing pressure to meet Scope 2 commitments.
Turning passive backup into active value
Most backup batteries, including UPS systems at data centers and industrial sites, are built solely for resilience and remain idle over 99% of the time. Meanwhile, electricity costs fluctuate, tariffs go unoptimised and decarbonisation requirements intensify.
Amplicity introduces a control layer that enables these existing or planned battery assets to operate as a dual engine: reducing on-site electricity costs through peak management, while generating recurring revenue by participating in energy markets, all without compromising backup readiness.
The system operates within site-approved guardrails, ensuring zero disruption to operations or critical load protection.
The company's performance-based model delivers four measurable outcomes: lower electricity costs through intelligent peak management, recurring and predictable revenue from energy markets, verifiable Scope 2 reduction, and real-time auditable performance reporting.
"For years, backup energy systems like UPS have been treated as passive insurance: essential but unproductive. What’s changing today is that these assets can be actively operated to both enhance resilience and generate measurable financial returns," said Stéphane Leyo, CEO of Amplicity.
"With rising energy costs, increasing grid volatility and tighter decarbonisation targets, we’re seeing a clear shift: operators are moving from static safety margins to dynamically managed energy infrastructure. This funding allows us to deploy alongside early adopters in Singapore and Australia and prove that model at scale."
Amplicity operates on a performance-based model with no upfront capex, making it accessible to sites of all sizes. With ENGIE's continued presence on the cap table - reinforcing technical and commercial validation - Amplicity is well-positioned to become the standard layer for active battery management in industrial and data center environments.
SOURCE: AMPLICITY
Photo: CEO & co-founder, Stéphane Leyo; COO & co-founder, Gabriel Schiano (left to right)
