Berlin-based trawa has raised €2.4 million in a pre-seed round aimed at helping the startup further develop its AI-based energy purchasing software. Specifically, trawa is targeting energy-intensive industries, offering cost savings of, according to the company, up to 20 percent per year.
The pre-seed round was co-led by Speedinvest and Magnetic with TinyVC and The Delta participating. Several angel investors including Anna Alex, co-founder of Planetly and Outfittery, Julian Teicke, co-founder and CEO of wefox, Tobias Schütt, founder and former CEO of DZ4 and Alexandre Berriche, founder and CEO of Fleet are backing the company as well.
I don’t know about you, but for the past few months, I’ve done a number of things to reduce my energy consumption, and I walk big circles around that energy meter in the kitchen. Now multiply this ritual by hundreds, nay, thousands of times, and you’re looking at the solution trawa is offering to industries.
However, instead of avoiding looking at the meter, trawa is doing the exact opposite and taking the project head on.
Using a heavy dose of AI, trawa analyses a business’s energy consumption, spend, and impact and then gets to work. From here, trawa identifies an optimised, cost-effective, and energy procurement plan that supports decarbonisation through a mix of sources (wind, solar, etc.).
“We will offer energy transition from a single source, making trawa a one-stop-shop for businesses. Offering simple but professional customised electricity products, including power purchase agreements that actually match our customers' needs, is our mission. We will now continue to build our product in order to achieve our goal of becoming the digital and data-driven energy provider,” says David Budde, co-founder and CEO at trawa.
As part of the pre-seed funding, trawa is applying for a license as an energy provider in order to be able to service customers end-to-end.