Enspired, which offers offers trading-as-a-service on the short term energy markets, has raised €25.5M in Series B funding to accelerate the energy transition with power asset optimization.
The round was led by Zouk Capital, whilst PUSH VC, Banpu NEXT, Vopak Ventures and Presidio Ventures, Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW New Ventures also participated.
The company’s says that its next stage will entail expansion into Asia and the US after “solidifying” operations across Europe. The company has prepared its product by integrating adaptability to new markets, use cases and revenue streams within its trading platform.
Enspire’s projections say that its trading infrastructure is on track to enable 50 GW of flexibility by 2035.
“We are grateful to be in a position that allows us to choose partners whose ambitions and values align with our own. Going global with our asset-centric trading service will make flexibility so profitable that investments are directed away from fossil fuels into clean energy.
“In the last year alone, we enabled over one million tons of emission savings, and this is only the beginning,” said CEO and co-founder Jürgen Mayerhofer.
"enspired's AI-based approach to power asset optimization and the dedication to the energy transition represent precisely the type of innovation we aim to support at Zouk," commented John Higelin, Partner at Zouk Capital.
"Leveraging digital technology to deliver more value for renwable energy and storage assets while improving grid stability is crucial for accelerating the energy transition. enspired's vision aligns fully with Zouk's impact mission. We are delighted to support them during this next phase of growth and look forward to working closely with the team."
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