24 million euros Series A for trawa
Summary
The round was led by Headline and also included Norrsken VC, the impact fund of the Klarna co-founder, as well as existing investors Balderton Capital, Speedinvest and AENU. Magnetic from Berlin and Tiny VC from London are also new on board.trawa offers industrial and commercial customers a combination of power supply, AI-controlled energy management software and flexibility marketing (e.g. battery storage). This enables companies with high electricity consumption (from around 100,000 per year) to control consumption and costs efficiently and achieve savings of up to 30%.Intelligent control and economical use of decentralized technologies (such as batteries) can avoid expensive grid peaks, increase self-consumption and open up new sources of income.In view of high electricity prices in Europe (around twice as high as in China or the USA), growing volatility due to renewable energies and increasing pressure to decarbonize, trawa sees itself as the answer to the threat of deindustrialization.Agate Freimane from Norrsken VC adds: "trawa democratizes access to clean and affordable energy for SMEs - a key to Europes competitiveness. "trawa currently serves over 100 customers at more than 3,000 locations, including well-known names such as Flixtrain, Conrad Elektronik, Martim Hotels and SETEX Textil. A year ago, we reported on the successful 10 million euro financing round for the start-up.