Gridio, a Tallinn-based software platform for smart charging of electric vehicles and distributed energy devices, has disclosed to EU-Startups that it has raised €2.4 million in a seed funding round to roll out its smart charging product across Europe.
The funding round was led by Neoinvesteeringud, with participation from Encevo, Smartcap, Renergy and existing investors. The funding will enable Gridio to offer solutions to optimise energy use, reduce costs, and support a more resilient electricity grid.
“Already today, we have tens of millions of electric cars, batteries and solar panels that are active on the grid, but are not used when it makes most sense for the consumer and the grid,” said Konrad Hanschmidt, Co-founder and CEO of Gridio. “The market incentives are there, but the complexity of energy markets for ordinary consumers, combined with a patchwork of different devices, brands and apps, means that this huge opportunity is simply left under-utilised.”
Founded in 2018 by Konrad Hanschmidt and Sandor Liive, Gridio is a software-driven platform innovating energy management for consumers and energy providers. By seamlessly integrating connected energy devices with electricity markets, Gridio encourages users to optimise energy use, reduce costs, and accelerate the transition to a sustainable energy system.
According to Gridio, high and volatile electricity prices are causing alarm across economies, particularly in Europe, where the rapid adoption of renewable energy is outpacing the energy market’s ability for price stability and energy security. At the same time, millions of consumers are investing in connected energy devices such as electric vehicles, solar panels, batteries, and heat pumps.
Gridio believes that the smart orchestration of these distributed energy devices – which, if combined, will exceed the capacity of conventional power plants in a few years – is the key to ensuring that electricity markets packed with renewables continue to effectively power our economies.
The company’s app-led software suite integrates with a wide range of energy hardware—including most EV and solar inverter brands, and first home batteries—uses intelligent software to optimise energy consumption in real-time. By automating energy use during cheaper and greener periods, Gridio helps customers cut their electricity bills while contributing to grid stability – all without any need for extra hardware.
For energy providers, Gridio offers a plug-and-play platform that allows the roll out of a mobile-based smart EV and solar charging service to its customers in a matter of weeks. By doing so, Gridio argues that providers can attract more customers, boost customer satisfaction through lower bills, and optimise their energy portfolios without the need for large, inefficient in-house software teams.
“Energy providers are increasingly looking for ready-made solutions to help their customers be smarter about electricity use. Gridio delivers a double benefit: consumers save on their bills, and providers gain better tools to manage and reduce the cost of electricity delivery,” added Konrad Hanschmidt.
Gridio is excited to welcome three new major investors to its shareholder group in Neokapital, an Estonian Family office with deep roots in bioenergy; Encevo, a leading and sustainable energy player in Luxembourg and the Greater Region; and Smartcap, a fund investing in Estonian Greentech innovators, backed by the Estonian Government and funded by the NN.
“What attracted us to Gridio was their team’s unique software-based approach and traction to date in solving a problem that is becoming increasingly expensive for our renewables-fuelled economies,” said Kristjan Petjärv, Chairman of the Management Board at Neokapital.
“We’re thrilled to learn with Gridio how to enhance the experience of customers embracing the use of electric vehicles and related distributed energy devices. We believe scaling fast is critical in this space and Gridio shows potential to deliver just that,” said Nicolas Milerioux, Head of Corporate Venture Capital at Encevo.
“We are backing Gridio, as the success of its ambitious roadmap would not only result in a transformed and more cost-effective energy system but also unlock further potential for other clean energy solutions,” added Sille Pettai, CEO and Fund Manager at SmartCap.
With the new funding, Gridio will roll out its smart charging product across Europe and expand its plug-and-play platform for energy providers.
“Our mission is to simplify energy decisions for everyone—consumers and providers alike,” said Konrad Hanschmidt. “This funding allows us to bring our vision to life at scale, helping millions of households and energy providers benefit for being actively part of the energy markets, with no hassle.”
Gridio has more than 30,000 users of its service across mobile apps and aims to quadruple that by next year.
Read the orginal article: https://www.eu-startups.com/2025/01/gridio-secures-e2-4-million-for-ev-smart-charging-and-smart-energy-devices/
