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16 May 2024·2 min read

Joy Laoun

News Editor, Vestbee

Vienna-based enspired secures €25.5M to scale its energy trading platform

Austrian energy trading startup enspired has secured a €25.5 million Series B funding round to expand its operations outside of Europe. The investment was led by Zouk Capital. 

  • enspired was founded in 2020 by Juergen Mayerhofer, Mario Schmoltzi, and Wolfgang Eichberger. The startup offers an AI-based trading-as-a-service platform for the commercial optimization of flexible power assets. Its solutions are dedicated to facilitating the complete transition to clean energy by supplying power grids with essential flexibility. Over the past year, enspired claims to have saved 210 tons of emissions.
  • With offices in Vienna and Innsbruck, the startup operates globally. Its clients include utilities and operators of renewables, batteries, or consumption assets across Europe. Gore Street Capital, Priogen, TotalEnergies, NIO, JenBacher, EnergiNet, UniPer, and Stabl are among them.
  • In 2021, the startup closed an €8.9 million in Series A funding round backed by Emerald Technology Ventures and 360 Capital.

Details on the fresh round 

  • Zouk Capital led the investment. It is a London-based fund overseeing €1 billion for investing in infrastructure and climate tech startups across the UK and Europe. T
  • The funding round also included participation from PUSH VC, Banpu Next, Vopak Ventures, and Presidio Ventures, as well as Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW New Ventures.

The proceeds will help enspired enter new markets such as Asia and the US, improve adaptability within its trading platform, and target achieving 50 GW of flexibility by 2035.

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