Ensto joins Grid.vc as an investor and member of Advisory Group

“Ensto is a very welcome new member in the Grid.vc family. Through its extensive expertise within the smart electrical solutions markets and role as an international solution and equipment provider to electricity distribution companies and buildings, Ensto gives us an alternative perspective to support innovative technologies on their way to international markets.” says Jussi Teijonsalo, the managing director of Grid.vc.

“Ensto is very happy to join Grid.vc. Its active advisory group will give us an excellent insight to the emerging smart grid and building solutions, which will help us in creating a better life with electricity and a more sustainable tomorrow. We also believe that Grid.vc’s unique co-operative approach to support the portfolio companies will result in faster growth for them and better returns for the investors.” says Hannu Keinänen, the President and CEO of Ensto Group.

Ensto is the third investor in Grid.vc I Ky investment fund bringing the amount of funds under management to three million euros. The anchor investor, Leppäkoski Group and Sallila Energia joined the fund in 2019. Negotiations with several new investors including both utilities and other industry players are on-going.

For more information, please contact:

Hannu Keinänen, +358 50 303 9743, hannu.keinanen@ensto.com

Jussi Teijonsalo, +358 40 584 2090, jussi.teijonsalo@grid.vc

Ensto designs and provides smart electrical solutions to improve the safety, functionality, reliability and efficiency of smart grids, buildings and transportation. Ensto, an international technology company and a family business, was founded in 1958 and employs ca. 1,400 passionate professionals in Europe, the USA and Asia. In 2019, we generated turnover of 260 million euros. We believe in a better life with electricity and a more sustainable tomorrow.

Grid.vc is the first investor in superb teams disrupting the energy business. The fund was registered in 2019 and strategy is to invest into pre-seed and seed stage startups, who bring new technological innovation into the energy industry. Integral part of the strategy is to bring our partners’ expertise, piloting opportunities and possible customers for accelerating the portfolio companies’ development and growth. During the first year of operation, the fund has invested into four energy sector start-ups.

Safegrid has raised a 600 thousand-euro funding round from Tesi, Grid.vc and private investors. “This new funding lets us accelerate our product development, sales, and marketing activities. We have literally dozens of inquiries about our system from all continents and now we have the resources to start ramping up our deliveries to a wider customer base,” said Mr. Jussi Hakunti, the CEO of Safegrid.
The Finnish electrical solution provider Ensto has joined Grid.vc investment fund and brings its expertise and network to the advisory team.
The finalists of Energia2020 innovation competition presented their cases to the most influential energy sector decision makers at Energiapäivä organized by World Energy Council at Finlandia Hall on the 20th of October, 2020. The experts present whether on-site or by webcast selected Geyser Batteries as the winner. Congratulations!
Grid.vc is the main organizer of the innovation competition at Energia 2020. Energia 2020 is the largest energy event in Finland featuring the entire industry and all forms of energy. In addition to prize money to the winner, all finalists will have an opportunity to present their solutions for energy transition to the decision-makers of the industry, as well as discuss potential funding from the leading Finnish venture capital investors in the energy domain.