enspired extends Series B to €40M to accelerate global AI-powered BESS expansion
Vienna-based enspired, a company specializing in optimizing battery energy storage systems (BESS), has secured over €40 million in Series B funding. This investment round signals growing interest in AI-powered solutions for the energy sector and highlights Europe's commitment to supporting the energy transition. The company's expansion underscores the increasing demand for sophisticated energy management technologies across global markets. The funding round included a new investor, Future Energy Ventures, alongside renewed commitments from existing investors such as Zouk Capital and EnBW New Ventures. enspired’s platform provides simultaneous commercial optimization of batteries and other power assets, which is built for Europe’s short-term power markets. Within the last year, the company entered six new markets and exceeded 1GW of BESS under management. The company’s focus on AI aims to accelerate the energy transition by expanding its reach to additional regions. The funding will facilitate the development of AI-driven flexibility optimization and its global expansion, with a strategic partnership already underway with Banpu NEXT in the Asia-Pacific region. This expansion will enable enspired to introduce innovative use cases and set a higher standard for energy management worldwide. Looking ahead, enspired’s strategic partnerships and technological advancements position it well within the rapidly evolving energy landscape. The company’s success could serve as a model for other European tech companies looking to capitalize on the global demand for sustainable energy solutions.
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