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.

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