Amperesand Company Profile

Background

Overview

Amperesand is a Singapore-based company specializing in advanced power infrastructure solutions, particularly focusing on Solid State Transformer (SST) technology. Established in 2023, Amperesand emerged from a seven-year research program at the Energy Research Institute at Nanyang Technological University (NTU) in Singapore. The company aims to revolutionize grid infrastructure by providing efficient, intelligent, and resilient electrification solutions on a global scale.

Mission and Vision

Amperesand's mission is to modernize electrical infrastructure to meet the growing demands of AI data centers, electric vehicle (EV) charging systems, renewable energy integration, and other critical power applications. The company's vision is to lead the transition to a more efficient and adaptable power grid through innovative SST technology.

Primary Area of Focus

The company's primary focus is on developing and deploying Medium Voltage Solid State Transformers (MV SSTs) that integrate hardware, software, and intelligent controls into a compact, scalable solution. These transformers are designed to address the challenges posed by traditional power infrastructure, such as long lead times, large physical footprints, and limited adaptability to modern energy demands.

Industry Significance

Amperesand's innovative approach positions it as a significant player in the power infrastructure industry, particularly in sectors requiring high-density, efficient, and flexible power solutions. The company's technology is poised to play a crucial role in supporting the rapid growth of AI data centers, the expansion of EV charging networks, and the integration of renewable energy sources into the power grid.

Key Strategic Focus

Core Objectives

• Accelerate Deployment: Reduce installation labor and lead times, achieving up to 10x faster time to power compared to traditional systems.

• Enhance Efficiency: Achieve over 98.5% conversion efficiency from Medium Voltage (MV) AC to Low Voltage (LV) DC.

• Optimize Space Utilization: Reduce the electrical equipment footprint by more than 80% compared to conventional infrastructure.

• Ensure Reliability: Maintain 99.999% uptime through advanced redundancy and safety systems.

Specific Areas of Specialization

Amperesand specializes in the development of SSTs that facilitate bidirectional energy flow, intelligent monitoring, and energy management. The technology is particularly suited for applications in multi-megawatt DC fast charging for electric vehicles, microgrids, and data centers.

Key Technologies Utilized

• Silicon Carbide (SiC) Power Electronics: Utilized in SSTs to enhance efficiency and performance.

• Integrated Hardware and Software Solutions: Combines hardware, software, and intelligent controls into a single compact unit.

• Modular and Scalable Design: Allows for flexible deployment and expansion to meet varying power demands.

Primary Markets Targeted

• AI Data Centers: Addressing the increasing power demands and efficiency requirements of AI workloads.

• Electric Vehicle Charging Infrastructure: Supporting the rapid expansion of EV charging networks with efficient power solutions.

• Renewable Energy Integration: Facilitating the incorporation of renewable energy sources into the power grid.

• Critical Power Applications: Providing reliable and efficient power solutions for mission-critical systems.

Financials and Funding

Funding History

• Seed Funding (February 2024): Amperesand raised $12.45 million in a Series Seed financing co-led by Xora Innovation and Material Impact, with participation from TDK Ventures and Foothill Ventures. The funds were allocated to industrialize and manufacture SST technology at scale and to build the executive team.

• Series A Funding (November 2025): The company secured $80 million in a Series A funding round co-led by Walden Catalyst Ventures and Temasek, with participation from Industry Ventures, Acclimate Ventures, SG Growth Capital, Xora Innovation, Material Impact, TDK Ventures, and Foothill Ventures. This funding is intended to accelerate the commercialization and scaling of Amperesand’s MV SST platform, with plans to deliver 30MW of commercial systems in 2026.

Total Funds Raised

As of February 2026, Amperesand has raised a total of $92.45 million in funding.

Notable Investors

• Xora Innovation: An early-stage investment platform of Temasek, co-led the seed funding round.

• Material Impact: Participated in the seed funding round.

• Walden Catalyst Ventures: Co-led the Series A funding round.

• Temasek: Co-led the Series A funding round.

• Industry Ventures, Acclimate Ventures, SG Growth Capital, TDK Ventures, and Foothill Ventures: Participated in the Series A funding round.

Intended Utilization of Capital

The capital raised is primarily allocated towards:

• Commercialization and Scaling: Accelerating the deployment of MV SST systems to meet the growing demand in target markets.

• Expansion of Operations: Establishing engineering and manufacturing hubs in the U.S. and Singapore to support global deployment.

• Research and Development: Continuing innovation in SST technology to maintain a competitive edge in the market.

Pipeline Development

Key Pipeline Candidates

Amperesand's primary product is the Medium Voltage Solid State Transformer (MV SST), designed to address the challenges of traditional power infrastructure.

Stages of Development

• Research and Development: The company has completed extensive R&D, including a seven-year program at NTU, leading to the development of a 1.5MW SST system validated on Singapore’s grid.

• Testing and Validation: In 2024, Amperesand completed full-power, overload, and bidirectional testing of its Generation 2 system, establishing the foundation for its commercial MV SST platform.

• Commercial Deployment: The company plans to deliver 30MW of commercial systems in 2026, with initial deployments focused on hyperscale AI data centers and critical power applications.

Target Conditions

The MV SST is designed to meet the power demands of:

• AI Data Centers: Addressing the increasing power requirements and efficiency needs of AI workloads.

• Electric Vehicle Charging Infrastructure: Supporting the rapid expansion of EV charging networks.

• Renewable Energy Integration: Facilitating the incorporation of renewable energy sources into the power grid.

• Critical Power Applications: Providing reliable and efficient power solutions for mission-critical systems.

Anticipated Milestones

• 2026: Deployment of 30MW of commercial MV SST systems.

• 2025: First commercial units delivered to the Port of Singapore for a mission-critical charging pilot with PSA International.

Technological Platform and Innovation

Proprietary Technologies

• Solid State Transformer (SST) Technology: Amperesand's SSTs utilize silicon carbide (SiC) power electronics to achieve high efficiency and performance.

• Integrated Hardware and Software Solutions: The company's SSTs combine hardware, software, and intelligent controls into a single compact unit, reducing installation labor and lead times.

Significant Scientific Methods

• Modular and Scalable Design: Allows for flexible deployment and expansion to meet varying power demands.

• Advanced Control Systems: Enables bidirectional energy flow, intelligent monitoring, and energy management.

AI-Driven Capabilities

Amperesand's SSTs incorporate AI-native software controls to optimize energy routing and management, enhancing grid stability and efficiency.

Leadership Team

Executive Profiles

• Gary Lawrence – Chief Executive Officer (CEO): Former Global President for Power and Grid Segment at Schneider Electric, with over 11 years of experience in strategic growth and digitalization initiatives.

• Brian Dow – Chief Product Officer (CPO): Former engineering leader at Tesla, known for spearheading large-scale photovoltaic systems and battery deployments, including the 129MWh Hornsdale Power Reserve in South Australia.