New investment round for portfolio company Safegrid’s portfolio company Safegrid has received a million euro investment from Ajanta Innovations investment company and its co-investors and venture fund. Safegrid’s intelligent grid system helps locate, predict and prevent grid faults and improve grid performance with instant-on wireless sensors and modern cloud-based monitoring and analytics software. With this investment, Safegrid can accelerate its growth in the European markets, where it already has tens of grid companies as customers.


In addition to the investment, Safegrid has appointed former Nokia CEO Olli-Pekka Kallasvuo as the chairman of the board of directors. Kallasvuo brings with him decades of experience in corporate leadership and high technology business, and long track record of leading innovative and diverse teams around the world. “I like the vision of Safegrid and share their vision of transforming the smart grids to support the fight against the climate change and make electricity distribution more sustainable and flexible. I decided to accept the invitation to join the board because Safegrid is a very unique company”, said Olli-Pekka Kallasvuo. warmly welcomes Mr. Olli-Pekka Kallasvuo to join the board!

14.06.2022's portfolio company Safegrid has received a million euro investment to support its growth in European markets. The company has also nominated ex-Nokia CEO Olli-Pekka Kallasvuo as the chairman of the board.
Keuruun Sähkö is the fourth investor in This further enhances the strengths of in accelerating the growth of promising energy start-ups through collaboration with sector experts and companies.
Bamomas™, a battery fleet analytics provider, secures new growth funding in a financing round led by Fortum's Valkea Growth Club. In addition to the equity investment, a Fortum-born startup eFleetly, was merged into Bamomas to combine two players working on ensuring more efficient and sustainable use of battery fleets. was the first financial investor in Bamomas and participates also in this round.
The Network trade fair, which was planned for 6-7th of October this year, has been postponed until January 2023. Therefore also the Smart Network - area for start-ups and the innovation challenge will be postponed.