Encentive GmbH Secures €2.7M in Seed Funding to Drive Energy Innovation with flexOn Platform

Encentive GmbH is excited to announce a major funding milestone, successfully raising €2.7 million to further its mission of decarbonizing industry through innovative energy management solutions. Since its inception in 2019, encentive has been dedicated to transforming the energy landscape for companies, utilizing its AI-based platform, flexOn, to revolutionize how businesses manage energy consumption and CO2 emissions. The funding will enhance the development of flexOn, which empowers companies to shift their energy usage to greener, cost-effective periods by harnessing advanced data analysis and automation capabilities. This intelligent control room synchronizes energy flows with the availability of renewable resources, thus enabling clients to enjoy a more transparent, predictable, and independent energy consumption experience. Led by a talented team of 18 experts with diverse backgrounds in mathematics, technology, software development, sales, and marketing, encentive has established a strong foothold in the energy market and plant engineering sectors. This capital infusion will allow encentive to refine its platform, improve operational efficiencies, and address the evolving energy challenges faced by customers. As businesses worldwide strive to meet sustainability goals, encentive is poised to become a pivotal player in driving positive environmental change while delivering real savings on energy costs. This funding marks a significant step forward in our commitment to creating a cleaner, more sustainable industrial future, aligning with global efforts to combat climate change and reduce carbon footprints.