๐Ÿ“ encosa raises $29M

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Munich-based battery storage startup encosa has secured $29 million in a Seed funding round combining equity and a scalable debt facility to deploy commercial and industrial battery energy storage systems (BESS) across Germanyโ€™s industrial sector. Led by Realyze Ventures with participation from Verve Ventures, Bayern Kapital, Blum Ventures, Kopa Ventures, and existing pre-seed backers, the capital injection will be used to scale operations and expand a proprietary tech platform that combines behind-the-meter energy cost savings with front-the-meter energy trading and arbitrage. Founded in June 2024 by Sascha Koberstaedt and Sebastian Becker, encosa acts as a turnkey service provider by handling the upfront financing, installation, and ongoing regulation for power-intensive Mittelstand enterprises facing volatile energy costs, with the ultimate goal of aggregating these distributed assets into a single nationwide virtual power plant.

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