etalytics successful with 8 million Euro Series A

With new funding and strategic partnership with ebm-papst, the startup is driving forward sustainable energy solutions for industry

Darmstadt, November 26, 2024 - etalytics, a provider of AI-driven energy optimization solutions, has successfully closed a Series A financing round of 8 million euros. The round was led by Alstin Capital (Carsten Maschmeyer), with ebm-papst as co-investor and TF H IV Technologiefonds Hessen GmbH & Co. KG.

This financing enables the global expansion of etalytics, the further development of the flagship platform etaONE and increased R&D activities. In addition, the company announced a strategic partnership with ebm-papst, a global market leader in energy-efficient fan and drive technology.

Solutions for urgent energy problems

In the face of rising energy costs and increasingly stringent sustainability requirements, etalytics is relying on the etaONE platform, which can reduce energy consumption and costs by up to 50% with the help of real-time data analysis. By using AI and digital twins, etaONE optimizes complex systems such as heating, cooling and ventilation. This approach not only provides accurate energy forecasts, but also supports early fault detection to prevent failures and increase the efficiency of energy teams.

Success in key industries and international market

etalytics has established itself as a partner for companies such as Equinix, Volkswagen and NTT Data. Thanks to the use of etaONE, these companies have been able to significantly reduce their energy costs and emissions.

With our investment in etalytics, we are jointly driving a more climate-friendly future. The combination of our efficient technologies with etalytics' AI opens up enormous potential for sustainability and innovation.

Dr. Klaus Geißdörfer, CEO of the ebm-papst Group

The new collaboration with ebm-papst aims to increase the market penetration of etalytics and jointly develop new technologies. The combination of AI systems with ebm-papst's fan technologies promises to further reduce energy consumption and CO₂e emissions.