AI Energy and Mobility Startup Hive Power Closes $600,000 Round

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. The company has now closed a funding round securing strong support from Techstars, Péter Ilyés (former CEO of E.ON Italy), TiVentures, and Magility Ventures.

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 their solutions is FLEXO, the cutting-edge AI engine that optimizes flexible energy in energy communities, home appliances, solar panels, and electric vehicle charging. 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.

"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."

(Press release / SK)
Picture: Gianluca Corbellini, CEO, and Co-founder of Hive Power