Vienna-based energy trading firm enspired has raised over €40 million in an extended Series B round, with new investor Future Energy Ventures joining existing backers Zouk Capital, EnBW New Ventures, Banpu NEXT, PUSH VC, and 360 Capital.
- Founded in 2020 by Jürgen Mayerhofer, Mario Schmoltzi, and Wolfgang Eichberger, enspired offers an AI-based trading-as-a-service platform for the commercial optimization of flexible power assets, including batteries, renewables, and consumption assets.
- Its solutions help power grids manage flexibility efficiently, accelerating the transition to clean energy. Over the past year, enspired claims to have saved 210 tons of emissions.
- With offices in Vienna and Innsbruck, the company operates globally, serving clients such as Gore Street Capital, Priogen, TotalEnergies, NIO, JenBacher, EnergiNet, UniPer, and Stabl.
- In 2021, the startup closed an €8.9 million Series A funding round, backed by Emerald Technology Ventures and 360 Capital, and in 2024, enspired secured a €25.5 million Series B funding round to expand its operations outside of Europe.
Details of the deal
- The fresh Series B funding of over €40 million will be used by enspired to accelerate its global expansion, develop innovative use cases, and additionally, the firm plans to enter new markets in Europe, Asia, and the US, and further enhance its AI-driven flexibility optimization platform to help manage energy more efficiently and support the global energy transition.
"Within the last 12 months, we entered six new markets and crossed the magical 1GW mark of BESS under management. With the strategic support of Future Energy Ventures as our new investor, we're perfectly positioned to accelerate our growth and introduce several innovative use cases very soon. Their expertise in the energy sector and commitment to our vision make them an ideal partner for our next phase of expansion," claims Jürgen Mayerhofer, CEO and co-founder of enspired.
