Encentive Secures 6.3 Million Euros in Seed Funding

Encentive, an AI-powered energy management platform led by Nicolàs Juhl, Daniel Ehnes, Torge Lahrsen, and Sascha Greve, has secured 6.3 million euros in fresh capital led by General Catalyst and other existing investors. The funding will be used to expand their AI-driven platform to connect to even more industrial assets, unlock new markets, and strengthen their technological leadership. Earlier in 2024, the company had already secured €2.7 million from investors such as Summiteer, SI Ventures, Vireo Ventures, Interface Capital (Christian Reber), OMA Ventures, as well as well-known business angels including Mario Götze and Stefan Müller.

Encentive’s flexOn is an AI-powered platform that helps industrial companies cut energy costs by up to 20% and lower CO₂ emissions by flexibly managing consumption across assets like refrigeration, heating, batteries, and production lines. By using real-time data and optimization, it aligns energy use with renewable availability and market conditions, making it especially valuable for medium and large-scale industrial users consuming over 2 GWh annually.

FlexOn is already used by leading companies like Metro Logistics, Dachser, and Klingele, and is now being adopted by major utilities as a flexibility platform. With new funding, Encentive plans to expand into more sectors and markets by hiring talent and scaling core platform features, including a dedicated onboarding suite that enables large customers and partners to integrate flexOn independently.

Industry is the world’s biggest energy consumer and a crucial lever for a climate-neutral future. As industrial processes electrify, power demand rises while renewable expansion makes supply and prices more volatile. In this context, actively harnessing flexibility is emerging as a key driver for the industry’s sustainable transition.