E.ON acquires majority stake in envelio – another successful eCAPITAL Climate Tech exit

eCAPITAL sold its shares in envelio GmbH, after leading envelio’s Series A financing round.

The Cologne-based start-up envelio provides the Intelligent Grid Platform (IGP) to grid operators for the next phase of the energy transition. Through envelio and its dedicated team E.ON is securing a key technology that will enable utilities to manage their grids more efficiently.

envelio is a specialist in digital grid planning and operation and has developed the “Intelligent Grid Platform” – a solution that enables power grid operators to set up a “digital-twin” of networks and optimize grid planning processes and decisions based on real time data. The acquisition of envelio is part of E.ON’s ambition to provide an open digital energy ecosystem. envelio has already been working with E.ON’s distribution system operators (DSOs) Westnetz and E.DIS for the past three years and is already serving more than 35 customers across Europe. The company was established in 2017 as a spin-off from RWTH Aachen and has a diverse and international team of more than 70 employees.

Our vision at envelio are intelligent grids for a sustainable future worldwide. We are thrilled to now continue our journey together with E.ON. This new strategic partnership will enable us to further scale our technology and deliver the new standard for digital grid management to utilities. We are especially thankful to all our employees and for the support of our investors.

Dr. Simon Koopmann, Co-Founder and CEO, envelio

The sale of envelio to E.ON marks another successful Climate Tech exit for eCAPITAL after among others selling battery storage market leader sonnen to Shell or OLED Display Pioneer NOVALED to Samsung. It underlines eCAPITAL’s track record in this sector.

Congratulations to the founders of envelio, who trusted us to lead their Series A round. They not only build a great team and a great company, but are a stellar example of how entrepreneurs contribute to solve major problems of our time by developing new technologies.

Bernd Arkenau, Managing Partner, eCAPITAL AG

The financial terms of the transactions were not disclosed.

About envelio
envelio is a spin-off from RWTH Aachen University and provides the Intelligent Grid Platform to distribution system operators for the next phase of the energy transition. Grid planning and operation processes are digitalized and automated by envelio’s IGP. This automation enables a faster and more cost-efficient integration of renewable generation and charging points for electric vehicles into the energy system. The core of envelio’s technology are algorithms based on the founders’ five PhD. envelio was founded in 2017 and now has more than 70 employees and serves more than 35 distribution system operators as customers worldwide.

eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 280 million under management and was lead investor of some very successful German exits like sonnen, Novaled or Jedox. For more information see: www.ecapital.vc or follow eCAPITAL on LinkedIn.

envelio GmbH
Dr. Simon Koopmann
Hildegard-von-Bingen-Allee 2
50933 Köln


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