envelio

envelio

Name:

Cologne

Location:

Germany

Location:

HQ:

Cologne

Smart Grid, Cloud Computing, SaaS

Focus areas:

Foundation:

2017

Founder(s):

Fabian Potratz, Moritz Cramer, Philipp Erlinghagen, Philipp Goergens, Simon Koopmann

Head(s):

Number of employees:

51 - 200

Industry:

Information Technology & Services

Total founding:

€7.1M

Last funding type:

€6M

Series A

High-Tech Grunderfonds, eCAPITAL ENTREPRENEURIAL PARTNERS, Demeter, EASME - EU Executive Agency for SMEs

Investors:

Fund Size:

Investment Stage:

Portfolio:

Short description:

envelio is a startup from Cologne, Germany developing software for the digital transformation of energy grids.   


Distribution grid operators’ existing IT systems and processes are not ready for the challenge of integrating millions of new renewable generators into the grid. envelio has developed the Intelligent Grid Platform (IGP) to support distribution system operators in their future challenges and the mass integration of renewable energies and EV charging points into the grid. The IGP is a modular digital and flexible assistance system with three main application areas:   

1.) Data quality: Create validated digital grid models with machine learning algorithms  

2.)Grid planning: Automate and accelerate processes and workflows of grid planners  

3.) Grid operation: Analyze the grid state and avoid congestions in real-time  


The IGP is already implemented at various European distribution grid operators including i.a. Iberdrola S.E., one of the biggest utilities in Europe and Westnetz GmbH, the biggest German distribution grid operator.  


The IGP is already being used at various European distribution grid operators including i.a. Iberdrola S.E., one of the biggest utilities in Europe and Westnetz GmbH, the biggest German distribution grid operator.