Itaú Ventures Invests in Minter for Mobile Data Centers to Mitigate Curtailment
Itaú Ventures has led an investment in Minter, aimed at addressing curtailment in Brazil's energy sector through mobile data centers. The Series A round includes Grupo Leste and Legend Capital, with expected funding between R$ 20 million and R$ 50 million.
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Itaú Ventures has invested in Minter, a startup specializing in mobile data centers to tackle curtailment, which affects renewable energy generation in Brazil. This Series A funding round also includes Grupo Leste and Legend Capital, with anticipated investments typically ranging from R$ 20 million to R$ 50 million.
Minter, established in July 2023, installs container-based data centers at renewable energy sites, currently serving a single client with a 20 MW capacity in Xique-Xique, Bahia. The company plans to scale to 40 MW by year-end and 500 MW by 2029, aiming to monetize energy losses from curtailment. Itaú Ventures seeks to enhance operational efficiency in energy partnerships as it aims to allocate R$ 200 million across multiple projects by July.
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