Hyperscale Power raises €5 million in seed funding round for solid-state transformer development

US-based Hyperscale Power just secured €5 million in seed funding to build the first prototype of its miniaturized solid-state transformer, a critical piece of infrastructure for efficient power conversion. This capital injection, co-led by European climate tech venture capital firm World Fund, targets a bottleneck in high-demand sectors like data centers, renewable power, and EV charging. World Fund's involvement highlights the deep tech's potential for significant carbon reduction, aligning with their focus on early-stage solutions. It's a strategic bet on foundational technology essential for managing massive electricity flows in the energy transition.