enspired Raises €25.5M in Series B Funding to Expand Global AI-Based Power Trading Operations
enspired is an AI-based power trading company that optimizes and monetizes energy assets for the energy sector.
Company Name: enspired
Location: Vienna, Austria
Sector: Energy, AI Software
Funding Details: Secured €25.5 million in Series B funding. The round was led by Zouk Capital, with participation from PUSH VC, Banpu NEXT, Vopak Ventures, Presidio Ventures, Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW New Ventures.
Purpose of Investment: To expand operations and extend business reach globally.
Leadership: Led by CEO Jürgen Mayerhofer and CTO Wolfgang Eichberger.
Product: enspired operates a fully automated in-house trading platform that optimizes the commercial performance of batteries and other power assets across wholesale, control reserve, and ancillary service markets. This platform allows customers to monetize the full potential of their flexibility with minimal time-to-market.
About Company: enspired is an AI-based power trading company that optimizes and monetizes energy assets for the energy sector. Its automated trading platform manages batteries and other power assets across various markets, enhancing operational efficiency and profitability. The platform supports the integration of renewable energy into the grid by simplifying the complexities of modern energy markets.