encosa, a Munich-based firm specialising in battery power storage programs (BESS) for business and industrial (C&I) companies throughout Germany, has closed €25 million in Seed funding. The corporate has raised €25 million in beneath two years.
The Seed spherical was led by Realyze Ventures, with participation from Verve Ventures, Bayern Kapital, Blum Ventures, and Kopa Ventures. Notably, all pre-Seed buyers reinvested on this spherical. Within the pre-Seed part, First Momentum Ventures and Redstone served as lead buyers, alongside Heliad, UTUM Funding for Innovators, and WEPA Ventures. It has additionally secured a scalable debt facility from a debt investor.
Different buyers embrace a number of enterprise angels, together with Andreas Kupke (co-founder and former COO/CFO of Finanzcheck.de), Marc Stilke (former CEO of Immobilienscout24), Sebastian Bärhold (co-founder of IDnow), in addition to a consortium of family-owned companies centred on WEPA Ventures and backed by higher ventures.
Sebastian Becker, co-founder and COO, encosa, mentioned, “Storage initiatives are constantly underestimated — they’re advanced infrastructure, and the job isn’t finished when the system goes dwell. encosa delivers financial savings from day one and carries the operational danger for the lengthy haul.”
The title encosa stands for ‘Vitality Value Financial savings’. Based in June 2024 by Becker and Sascha Koberstaedt, encosa affords a one-stop store answer masking planning, financing, set up and operation. It permits energy-intensive firms to scale back their power prices and generate further income from power buying and selling and arbitrage. With versatile financing and no additional operational burden, any enterprise can put battery storage to work.
In response to the corporate, for the German Mittelstand (SMEs), power prices are the most important and fastest-growing strain on margins, and given ongoing geopolitical instability, with no reduction in sight.
encosa advocates for battery storage as the answer, a expertise that reduces electrical energy prices and creates additional revenue by power buying and selling and arbitrage. Nonetheless, figuring out the appropriate answer has historically demanded vital time, capital, and undertaking administration effort, a hurdle that ties up priceless sources.
encosa claims that it was based to deal with this hurdle and plans to scale its end-to-end answer to the German Mittelstand. Battery storage for energy-intensive companies like chemical compounds, meals, plastics, paper, glass, metals, engineering, and logistics is advanced, involving technical, regulatory, and monetary challenges. For a typical Mittelstand enterprise, this implies months of coordinating financing, grid connection, hearth security, permits, regulatory our bodies and technical planning, whereas working every day. encosa claims it will possibly handle your entire course of, permitting prospects to deal with their core enterprise.
The corporate factors out that prospects begin saving from month one. Relying on the consumption profile and market situations, the funding sometimes pays for itself inside 18 months to 5 years.
It states that its proprietary expertise platform combines ‘behind the meter’ (power price financial savings) and ‘entrance of the meter’ (power buying and selling and arbitrage), thereby getting considerably extra out of each put in system.
encosa affords versatile financing choices, and prospects can select between shopping for, renting or leasing. It both gives the capital or helps the direct funding.
“Battery storage is taking the German Mittelstand by storm. The query is now not ‘if’, however ‘how shortly’. encosa makes it simple for each enterprise: cut back power prices, with no trouble, no danger and no funding of your personal,” mentioned Sascha Koberstaedt, founder and CEO, encosa.
With this funding, the corporate goals to develop its German operations and improve its expertise platform. At present, it routinely optimises every battery for max financial profit. Over time, it’s evolving right into a broader platform to combination batteries throughout a number of websites, enabling power buying and selling as a single digital energy plant (VPP). This will increase the financial worth of every put in system steadily. The first focus is on Germany, which has over 100,000 potential prospects, many with a number of areas.
