Grid.vc warmly welcomes Keuruun Sähkö as our latest investor partner. Keuruun Sähkö joins Grid.vc’s existing investor and partner network, which already includes energy utilities Leppäkoski Group and Sallilan Energia, and the energy industry technology solutions provider Ensto.
“It was a quite straightforward decision to join Grid.vc as the fund’s initial development has been very positive and the future outlook of the portfolio companies looks promising. Participation also gives us an unique view of the new technologies disrupting the energy sector. Grid.vc is only a small part of our investment portfolio, but a part which we expect to provide most strategic benefits for our core businesses” says Esa Koivula, CEO of the Keuruun Sähkö.
Jussi Teijonsalo, partner and CEO of Grid.vc, is glad to have new investor partner join the fund’s operations. “We are happy to welcome Keuruun Sähkö as a new investor. Having more utilities as our partners enables us to provide even more piloting and commercialization support for our portfolio companies, making the technology validation and go-to-market for novel innovations a bit easier and faster”.
Grid.vc was established in 2019 to invest in promising energy sector technological innovations. By pooling up the resources and sharing risk between various energy sector companies, the fund carries on the long tradition within the Finnish energy sector of collaborating across organizational boundaries for shared benefit.
“We are in discussions with other potential investors. Hopefully we can soon announce new companies joining Grid.vc family” CEO Jussi Teijonsalo concludes.
KEURUUN SÄHKÖ is a full service energy company, which was founded in 1915 and is currently owned by the city of Keuruu. The three core business units are: electricity distribution, energy retail and heat solutions. In addition the company owns a network construction and installation business. Revenues in 2021 were in excess of 16 million euro and the group employs 45 people.
Grid.vc is the first investor in superb teams disrupting the energy business. The fund was registered in 2019 and its strategy is to invest into pre-seed and seed stage startups, who bring new technological innovations 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. The fund has so far invested in four energy sector startup companies.