HomeFundingSwiss smart energy startup Hive Power secure €500k to integrate electrical networks...

Swiss smart energy startup Hive Power secure €500k to integrate electrical networks in a 4D future

Hive Power, a leading provider of solutions for energy optimization, closed a new funding round totaling €500k, including strong support from Techstars, Péter Ilyés (former CEO of E.ON Italy), TiVentures, and Magility Ventures.

Founded in Switzerland in 2017, Hive Power boasts a team of researchers and scientists with expertise in smart grids from SUPSI (the University of Applied Sciences and Arts of Southern Switzerland), as well as veterans from the industry and leading companies in the energy sector. The combination of these diverse skills has allowed Hive Power to establish a key position in the industry from the outset.

“This new funding round represents a significant milestone for Hive Power and testifies to the industry’s recognition of our commitment to innovation in smart grids,” said Gianluca Corbellini, CEO, and Co-founder of Hive Power. “We are excited to have high-profile investors such as Techstars, Péter Ilyés, TiVentures, and Magility Ventures on board, who share our vision of a sustainable energy future. This new round will certainly enable us to accelerate the development of our solutions and expand our market presence.”

Hive Power stands out in the market for developing solutions that contribute to the evolution of smart grids and aims to play a decisive role in transforming the energy sector towards greater sustainability and efficiency. Among these solutions is FLEXO, the cutting-edge AI engine that optimizes flexible energy in energy communities, home appliances, solar panels, and electric vehicle charging.

Given FLEXO’s success, Hive Power received the prestigious Power2Drive Award at The smarter-E Europe conference in Munich. This award celebrates innovative companies that make significant contributions to the implementation of sustainable solutions in the transport sector, with a particular focus on electric vehicles and infrastructure charging.

The Swiss startup ais to enhance the integration of renewable energy and electric vehicles into intelligent electrical networks for a 4D energy future focused on Decarbonisation, Digitalisation, Decentralisation, and Democratisation. In just a few years, Hive Power has formed strong partnerships and collaborated with major hardware and software providers in the energy and mobility sectors, such as Sorgenia, SmartEN, Free2Move eSolutions, and Haier.

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Stefano De Marzo
Stefano De Marzo
Stefano De Marzo is the Head of News at EU-Startups. He has been extensively covering startups, venture capital and innovation ecosystems, including contributions to numerous publications such as Sifted, Entrepreneur and Forbes. Through his work as an editor and writer, he continues to shape the narrative surrounding the best stories of the tech world.

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