Germany’s encentive Raises €6.3 Million To Help Industry Cut Energy Costs Up To 20%

Led by General Catalyst and existing investors, the funds will expand platform connectivity, enter new markets, and boost technological leadership.

“Rising energy costs and mounting decarbonisation pressure are challenges faced by almost every industrial company today. Businesses unable to flexibly and intelligently manage their energy flows and adapt to the volatility and fluctuating prices of renewables are already putting their competitiveness at risk.

“Our solution enables companies to harness the economic potential of flexibility without interfering with existing processes. In doing so, our clients safeguard themselves against economic uncertainty and location disadvantages in the long term,” explains Torge Lahrsen, COO of encentive.

Industry is the world’s largest energy consumer, making it key to achieving a climate-neutral future. Electrifying industrial processes is essential but increases electricity demand, while the growth of renewables makes power supply and prices more volatile.

In this context, harnessing energy flexibility is crucial for the future of industry.

Founded in 2019, encentive offers an AI-based energy management platform to reduce industrial energy costs and emissions. Its core software, flexOn, acts as an intelligent control center, optimizing electricity use to take advantage of cheap, green energy.

flexOn coordinates energy flows at the company site and in the market, using storage and flexible assets such as refrigeration, heating, batteries, and production lines. It generates smart schedules and automatically controls these systems.

This allows companies to use on-site generation or access the intraday spot market when wind and solar power are abundant and low-cost. flexOn mainly serves medium and large industrial companies consuming at least two gigawatt hours (GWh) annually.

“With the fresh capital, we are investing specifically in further developing our platform and expanding our team. Together, we are driving forward the only AI to date that is directly integrated into industrial machine rooms to actively control systems, thereby setting technological standards. Our vision is to become the leading address for controlling energy flows in industry.

The seven-figure order volume from our core industries underscores the success of our solution and confirms our commitment to establishing flexOn as the standard for intelligent energy management – scalable and deeply integrated,” adds Nicolás Juhl, CEO of encentive.

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The solution is already used by leading companies like Metro Logistics, Dachser, and Klingele, and is now being adopted by major utilities as a flexibility platform.

To enter new sectors and markets, encentive will use the funds to hire talent and scale key parts of the platform, allowing large customers and partners to integrate flexOn independently through a dedicated onboarding suite.

“Energy has become one of the most decisive levers for competitiveness in European industry. It is no longer a background cost but a strategic factor in an era of volatility and sustainable transformation,” said Robin Dechant, Partner at General Catalyst.

He adds: “encentive turns this pressure point into an opportunity: its AI-driven platform helps industrials cut costs while enabling them to thrive on renewable power. What convinced us was what we believe is the team’s rare ability to bridge cutting-edge AI with the realities of factory floors, a capability that can strengthen Europe’s industrial backbone and accelerate the energy transition.”

Earlier in 2024, the company raised €2.7 million from investors including Summiteer, S I Ventures, Vireo Ventures, Interface Capital, OMA Ventures, and business angels like Mario Götze and Christian Reber.

About Encentive

Encentive helps industrial companies save on energy costs and reduce CO₂ emissions using its AI-powered flexOn platform. It smartly uses electricity when it’s green and cheap, cutting costs, lowering emissions, ensuring energy security, and staying adaptable with a scalable, future-ready system.