6.3 million euros for encentive in seed financing round
The startup encentive has raised 6.3 million euros in a seed round. The team led by CEO Nicolás Juhl offers artificial intelligence-supported software that automatically controls industrial energy flows.
encentive can reduce electricity costs by up to 20%
The round is led by US investor General Catalyst, whose portfolio includes Parloa, Mistral and Helsing. Other investors include Summiteer, SIVentures, Vireo Ventures, HelloWorld, Stefan Müller and Bernhard Niesner. This is not the first financial success for encentive: the startup had already raised 2.7 million euros at the beginning of 2024. With the new investment, it plans to further expand its team and platform, connect additional industrial facilities, tap into new markets and consolidate its technological leadership position in the long term. Its customers to date include Metro Logistics, Dachser and Klingele.
With flexOn, encentive has developed a software solution that enables industrial companies to flexibly control their energy consumption, reduce their electricity costs by up to 20% and significantly reduce their CO2 emissions. To do this, the platform utilises the existing flexibility in batteries as well as cooling, heating and production processes, creates intelligent schedules and automatically controls systems and processes. With the help of AI-supported data analysis and optimisation algorithms, energy flows in plants and processes are adjusted in real time to the availability of renewable energies.
