download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA German startup replacing fossil fuel generators used to power construction, film sets, music festivals, and first responders has just raised $95 million in a Series C funding round. "What people did before, if they needed more computational power, they built bigger and bigger and bigger computers – so these mainframe computers that you had in the early 90s," he told Business Insider. AdvertisementIts customers, which buy units for use or to rent on to others, include Swedish construction company Skanska, European construction rental company Loxaml, and the Red Cross. The fresh funds will be used to expand the rollout of the current system and launch additional powerful electric generator systems.

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Persons: —, Instagrid, Sebastian Berning, Berning, Morgan Organizations: Service, Business, Teachers ' Venture, Ontario Teachers, Energy Impact Partners, SET Ventures Locations: Swedish, Ontario, Europe, North America, , California