Allye, a battery storage technology startup, raised a €1M ($1.1M) funding round led by Elbow Beach Capital, with participation from Alpha Future Funds. The startup's first product, the Max, has a 300kWh capacity, the equivalent energy needed to power 40 homes for a day. The startup focuses on making the battery storage systems mobile for industrial and residential use cases, seeing a market between those who opt for current solutions, such as grid-based Battery Energy Storage Systems or diesel generators.
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