[Funding alert] Austrian-based eFriends Raises Fresh Fund

Saturday 27, 2024 | By Startup Rise EU

Austrian-based eFriends Raises Fresh Fund. The amount of funding was not disclosed. The money will support eFriends' long-term planning and development of the open energy-sharing platform.

Austrian-based eFriends Raises Fresh Fund. The amount of funding was not disclosed. The money will support eFriends' long-term planning and development of the open energy-sharing platform.

Leading the investment was Wienerberger and VERBUND X Ventures, with participation from Raiffeisen Ware Austria (RWA) and the venture capital firm Rockstart.

Read also - London-based OpenDialog Secures over €7 Million in Series A Round Funding

eFriends envisions a decentralised energy future in which a range of stakeholders, including small enterprises, industries, and private consumers, work together in real-time to produce and consume energy.

The energy transition vision of eFriends depends on investment. Leaders in the building sector Wienerberger and seasoned energy provider VERBUND X Ventures make excellent partners. Collectively, eFriends seeks to incorporate energy-related factors into all building, remodelling, and conversion projects.

Read also - Berlin-based Packmatic Secures €15 Million in Series A Round Funding

eFriends mentions in a statement, “Together we will achieve a lot. Our strong community is the foundation for our positive development so far. We are convinced that we will continue on this path with the new partners and that we will successfully scale our platform nationally and internationally. Together for a better world!”

About eFriends

The first utility to provide real-time energy sharing, buying, selling, and trading between prosumers is eFRIENDS energy. As an energy provider in Austria, eFRIENDS energy caters to all homes, regardless of whether they have solar power installed on their property or not. They can also live in an apartment or building without solar power.

Read also - London-based Metris Energy Secures €2.3 Million in Pre-Seed Funding

Recommended Stories for You

story
News

German-based Octomind Secures $4.8 Million in Seed Funding

Startup Rise EU Tuesday 23, 2024

story
News

Dublin-based SynOx Therapeutics Secures $75Million in Series B Round Funding

Startup Rise EU Tuesday 23, 2024

story
News

Paris-based Zefir Secures €11Million in Funding

Startup Rise EU Tuesday 23, 2024

story
News

Helsinki-based HappySignals Secures €12 Million in Funding

Startup Rise EU Tuesday 23, 2024

story
News

Italian-based Lithium Lasers Secures €2 Million in Funding

Startup Rise EU Monday 22, 2024

story
News

[Funding alert] Munich-based Smart Reporting Secures €23 Million in Series C Round Funding

Startup Rise EU Monday 22, 2024