trawa secures 10 million euros for green and affordable electricity

Investors focus on sustainability: Balderton Capital and AENU support trawa on the way to green and affordable electricity for companies!

Berlin, May 14, 2024 - Berlin-based cleantech startup trawa has raised 10 million euros in a seed financing round led by Balderton Capital. AENU and previous investors such as Speedinvest, Magnetic and TinyVC also participated in the round.

Green and affordable electricity for SMEs

trawa aims to use technology to make it easy and economically attractive for SMEs to switch to renewable energies. The aim is to enable companies to benefit from cheap, renewable electricity and automatically manage and optimize their energy costs, consumption and emissions. The start-up was founded in 2022 by David Budde, Max Lüddemann and Robert Quick.

This funding will allow us to further expand our holistic energy platform to provide companies with solutions that automatically manage and optimize their energy costs, consumption and emissions.

David Budde, co-founder and CEO of trawa

Savings of up to 30 percent possible

trawa's solution uses AI-supported data analysis to enable medium-sized companies to procure and manage energy efficiently. It helps to create individual energy portfolios and optimally adjust electricity consumption. This enables companies to save up to 30 percent of their energy costs.

Companies such as SETEX-Textil, the AMANO Hotel Group and the Coroplast Group are already using trawa to reduce their electricity costs and protect themselves from market price fluctuations. Smaller energy providers such as farmers with solar and wind farms are also working with trawa to ensure a sustainable power supply.

Positive response from investors

trawa offers medium-sized companies individual solutions to protect themselves against price explosions, make investments in smart batteries and solar energy more profitable and provide detailed data for ESG reports.

James Wise, Partner at Balderton

James Wise from Balderton emphasizes the importance of renewable energy for long-term low electricity costs and praises trawa for its individual solutions and detailed data for ESG reports. Philip Specht of AENU sees trawa as a one-stop shop for the green energy needs of SMEs and emphasizes the importance of savings and sustainability targets for European companies.