🇸🇪 Engrete raised €2.5 million to supercharge the energy transition

Big News: We’ve raised €2,5 million to supercharge the energy transition! 🚀⚡
We’re thrilled to announce that Engrate has secured €2,5 million in new funding, a huge milestone that fuels our vision to enable a faster and smoother transition to renewable energy. ⚡🌍

With this new capital, we’ll develop our platform further, focusing on simplifying digital integrations for energy companies aiming to increase grid flexibility.
The round was led by global VC firm Maniv, renowned for backing transformative transportation and energy startups, alongside Eviny Ventures , part of the Norwegian renewable energy solutions provider Eviny, and Swedish VC firm Course Corrected. Their strategic support, network, and deep expertise will be vital ahead.

“We believe Engrate’s capabilities represent a critical node in the comprehensive digitization of a sector that must quickly adapt to changing market dynamics. With a spectacular founding team and clear vision, we are confident the company will continue to deliver world-class technology solutions and are delighted to join Engrate’s journey ahead”, says Nate Jaret, partner at Maniv.

Warm welcome to our new investors and massive thanks to our stellar team, and our early investors Norrsken, NP-Hard Ventures, Pia Irell, Maex Ament and Philip Stehlik. 🙌

Engrate is accelerating the green transition by digitally connecting the energy sector. It’s going to be epic!

Thanks to Dagens Industri for covering the news! Check out the comments for link to the article.

Originally published on 11 June by Engrate.

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