Gridraven’s software solution helps push up to a third more power through the existing grid with zero additional hardware. This additional grid capacity allows utilities to produce more power and make more money while supporting load growth and servicing their customers better.
Over the past two years, we have validated our core innovation of using AI for determining grid capacity. Our focus now is on bringing the solution to market. To do so effectively, we’re setting up our sales and marketing organization in Austin, Texas. We want to be close to our North American customers while also propelling growth globally.
I’m preparing to move to Austin together with my family to personally oversee the growth of our US daughter company and build the team. The move is both exciting and scary and is only possible thanks to the support of my family.
Relocating to Texas will be both a personal and professional milestone. Being in a dynamic energy ecosystem will allow us to strengthen partnerships, expand our reach, and increase our impact. This is a significant step forward, but it’s only the beginning.
I’m proud of the support from 42CAP, a leading German VC firm that is truly “peers among entrepreneurs” since the partners have themselves built successful businesses. Operational and strategic support from 42CAP will help us make the right decisions as we move forward.
We’re extremely thankful for the continued support from Icebreaker.vc, the leading idea-stage fund in Sweden, Finland, and Estonia. Icebreaker.vc, their partners, and their network have been instrumental in our growth until now.
I am deeply grateful to our investors, partners, and the Gridraven team for their ongoing support and dedication.
Georg Rute
CEO, Gridraven
