Amperesand

Emerging

Raised $80M Series A (Nov 2025). Silicon-carbide SST spun out of Nanyang Technological University. Backed by Temasek and TDK Ventures. Targeting 185 GW data center capacity by 2028.

Solid-State Transformers (Silicon Carbide)
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Updated April 2026

Company Overview

About Amperesand

Amperesand is a solid-state transformer company spun out of Nanyang Technological University (NTU) in Singapore, developing silicon-carbide based SSTs for data centers and grid applications. The company raised $80 million in Series A financing in November 2025, backed by Temasek (Singapore's sovereign wealth fund) and TDK Ventures, positioning itself as the Asia-Pacific entrant in the solid-state transformer category that has attracted significant 2026 investment globally.

Business Model & Competitive Advantage

Silicon-carbide (SiC) is Amperesand's chosen semiconductor material — a compound semiconductor that operates at higher temperatures and switching frequencies than silicon, enabling more compact and efficient power conversion circuits. SiC-based power devices have already proven themselves in EV inverters (Tesla, BYD use SiC in their drivetrain inverters) and Amperesand is applying the same material advantages to grid-scale transformer replacement.

Competitive Landscape 2025–2026

The data center targeting is deliberate: AI-driven data center construction is driving unprecedented demand for power infrastructure upgrades, and the traditional grid transformers serving data centers are increasingly inadequate for the power quality, density, and bidirectional flow requirements of modern hyperscale facilities. Amperesand's SSTs can manage complex power flows from on-site solar, backup generators, grid connections, and UPS systems in a single integrated device rather than the multiple discrete systems current data centers require.

Revenue
$80M
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Amperesand is an emerging player bringing innovative solutions to the Climate Tech market.

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