# Axle Energy funding: rounds and investors

> Axle Energy has raised $43M across 3 rounds since 2024. Investors include Picus Capital. Every round with its source.

Source: https://millionrounds.com/company/axle-energy (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Axle Energy*

3 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$43M** raised across 3 rounds since 2024, from 3 sources

**$10M** Seed **$8.9M** Seed **$24M** Series A

- **Latest round:** Series A, $24M Jul 2026
- **Step-up i:** 2.7×
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025 2026

**$10M** Seed

**$8.9M** Seed

**$24M** Series A

- **First round:** Seed, $10M
- **Biggest round:** $24M
- **Usual gap between rounds:** 23 months

## The rounds

- **Jul 2026** Series A **$24M** *1 returning* [Picus Capital](https://millionrounds.com/fund/picus-capital) Source recorded
- **Aug 2024** Seed **$8.9M** *1 new* [Picus Capital](https://millionrounds.com/fund/picus-capital) Source recorded
- **Apr 2024** Seed **$10M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Axle Energy filed 2 raises, $36M in all. Filings say how much was sold and to how many investors; they never name the investors.

- May 2026 **$25M** UK share allotment
- Apr 2024 **$10M** UK share allotment

## Everyone who backed them

[Picus Capital](https://millionrounds.com/fund/picus-capital) VC firm **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=axle-energy).

## Quick answers about Axle Energy

### Who invested in Axle Energy?

Axle Energy's investors include Picus Capital.

### How much has Axle Energy raised?

Axle Energy has raised $43M across 3 rounds since 2024.

### When did Axle Energy last raise?

Axle Energy's most recent round was a Series A of $24M in Jul 2026.

### What was Axle Energy's biggest round?

Its most recent round, $24M in Jul 2026, is also its largest on record.

### Who backed Axle Energy first?

Axle Energy's first round on record, in Aug 2024, was backed by Picus Capital.

### What stage is Axle Energy at?

Axle Energy's latest named round is a Series A, in Jul 2026.

### Where is Axle Energy based?

Axle Energy is based in the United Kingdom.

## Companies like Axle Energy

In the same sector, and raised in the last eighteen months.

[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)

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