French energy transition startup Orus Energy has raised €2.2 million to create a flexible and resilient energy system. The fresh funding was led by b2venture, Asterion Ventures, and Ring Capital and saw participation from angel investors.
- Orus Energy was founded in 2023 by Théophile Karila, Fanny Sauvée, and Alexandre Girard. The startup develops an electrical flexibility platform that utilizes artificial intelligence to optimize energy consumption in commercial buildings.
- Headquartered in Paris, Orus Energy's AI-powered platform enables seamless participation in demand response programs. It automatically adjusts the energy consumption of equipment in real-time through direct connectivity to users' buildings, helping clients pay 10% of their electricity costs.
Details of the deal
- The investment was led by b2venture, a Swiss venture capital firm that funds European startups in their early stages, alongside Paris-based VC Asterion Ventures and Paris-based VC Ring Capital.
“Orus Energy has already generated traction and counts over 1 million m2 of real estate registered over its platform and deployments in big-name clients’ buildings, including IKEA and La Poste Immobilier. The funds will go towards speeding up the company’s deployment and product development,” Ring Capital’s team stated on LinkedIn.
- The fresh capital also saw participation from several business angels, including Pierre Trémolières and Myriam Maestroni.
- With the capital raised, Orus Energy plans to enhance its product, build a flexible energy system, expand its workforce, and grow its team to 20 members by the end of 2025.
