Greenely Secures €8M to Supercharge Expansion and Drive Europe's Energy Transition

Stockholm-based Greenely, an innovative energy tech startup, has raised €8 million in its Series A funding round, setting the stage for a major expansion into Norway and Finland.

• Funding for Growth: Greenely will use the €8M to enhance its residential Virtual Power Plant (VPP) and Home Energy Management platform, accelerating its footprint across the Nordic region.

• Revolutionizing Energy: The platform integrates solar panels, EV chargers, and battery systems to cut energy bills and support grid stability.

• Strategic Partnerships: Korys, a key investor with deep expertise in energy management, is joining the journey, bringing valuable insights to elevate Greenely's growth and technology.

• Enhanced VPP Capabilities: The VPP program, launched at the end of 2023, allows residential users to help balance the national power grid, initially through EV chargers and now expanding to home battery systems.

• Dual Benefits: Greenely’s system not only helps homeowners cut energy costs but also provides an additional income source by supporting national grid stability.

With this funding, Greenely is poised to make a significant impact in the Nordic energy markets, driving forward its mission to innovate and stabilize energy consumption across the region.