Eindhoven-based energy tech startup Tibo Energy, which develops AI-powered energy management solutions to optimize usage, reduce costs, and support sustainability, has raised €6 million in a seed funding round.
- Launched in 2022 by Remco Eikhout, Jeroen Althusius, Josh Mengerink, Linda Zandt-Sloot, and Bram Cappers, Tibo Energy develops AI-powered software for managing industrial energy systems. Its platform helps businesses optimize on-site energy use, reduce reliance on the grid, and coordinate distributed assets.
- The system enables real-time control of energy flows across solar panels, batteries, EV chargers, and other infrastructure, unlocking additional capacity without requiring grid upgrades, particularly relevant in regions facing congestion and connection delays.
- At the core is "Alice," a proprietary AI engine that updates control strategies every five minutes using live data, price forecasts, and grid constraints. The platform builds a digital twin of the site, runs predictive simulations, and supports modules for congestion management, fleet charging, and emissions reduction.
- Tibo Energy’s software is hardware-agnostic and has been deployed at over 30 industrial sites across logistics, retail, and manufacturing.
Details of the deal
- KOMPAS VC, a Danish venture capital firm that recently closed its €150 million Fund II to support early-stage industrial tech and sustainability startups, led the investment.
“Tibo gives industrial customers the tools to actively manage their energy use, even in constrained environments. With the rise of grid congestion and decentralisation, this kind of intelligence is no longer optional, it’s essential," claims Sebastian Peck, Partner at KOMPAS VC.
- The seed round also saw participation from Hitachi Ventures and WEPA Ventures, alongside existing investors SET Ventures and Speedinvest.
- Tibo Energy plans to use the €6 million seed funding to expand its presence in Germany and Belgium and to hire more staff in engineering, sales, and product teams to support this growth.
- Additionally, the company is developing new features for its energy management platform, including tools to manage EV fleet charging, control electric boilers, and visualize data through Power BI.
"Alice enables industrial players to leverage unused capacity, predict risks, and optimize in near real-time—whether you’re managing a single battery or a full EnergyHub. This funding helps us bring that flexibility to more European customers," said Remco Eikhout, CEO and co-founder of Tibo Energy.
