enspired Raises € 25.5M in Series B Funding

enspired, a Vienna, Austria-based AI-based power trading company, secured €25.5m 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.

The company intends to use the funds to expand operations and its business reach globally.

Led by CEO Jürgen Mayerhofer, and CTO Wolfgang Eichberger, enspired is a pioneer for the simultaneous commercial optimization of batteries and other power assets across the wholesale, control reserve, and ancillary service markets. The company’s fully automated in-house trading platform enables customers to monetize the full potential of their flexibility with minimum time-to-market.

Facilitating the large-scale integration of renewable energy sources, enspired’s automated and highly scalable trading infrastructure is on track to enable 50 GW of flexibility by 2035.