Eneco and EnBW invest in smart charging and energy management platform FLEXECHARGE
Danish energy tech company FLEXECHARGE has successfully closed a funding round for €5 million. The round includes new financial backing from Eneco Ventures and EnBW New Ventures – the venture arms of two leading European utilities – and will allow FLEXECHARGE to accelerate growth. The Danish company enables Charge Point Operators (CPOs) to optimise operations and transform their charging infrastructure into integrated and revenue-generating assets. Existing investors Greencode Ventures and Vireo Ventures also increased their commitments, reaffirming their confidence in FLEXECHARGE.
“We want to become the leading provider of load, energy, and grid management — empowering commercial charging operators to reduce costs, and build resilient, future-ready charging networks. This funding round will help us accelerate our journey.”
Efficient and reliable solution against grid congestion
FLEXECHARGE’s solutions address the operational and energy market needs of CPOs, especially in two critical segments: high-power charging hubs, which face high peak load and grid tariff risks, and depot charging, where energy efficiency and smart scheduling are essential for commercial fleet operations. The charging points become much more flexible in its energy use as an added advantage, making the system ideal for use in areas where there's a lot of pressure on the electricity grid, such as the Netherlands.
At the heart of its offering is HARMON-E, a vendor-independent load and energy management platform. When combined with FLEXECHARGE’s on-site controller GATEWAY, the system delivers unmatched reliability through local load management, even in sites with limited or unstable connectivity. This architecture is what distinguishes FLEXECHARGE from cloud-only CPMS providers and lays the groundwork for more advanced energy & grid services.
This combination also forms the foundation for Aggregate, FLEXECHARGE’s virtual power plant solution which allows CPOs to consolidate their charging infrastructure and participate in energy markets as dispatchable, flexible assets. With the global virtual power plant market projected to grow to $6.2 billion by 2032, FLEXECHARGE’s tools help CPOs evolve from passive infrastructure operators to active players in the energy transition.
FLEXECHARGE is already the energy management partner of choice for major European CPOs including Electra, Bump and Q8 Benelux. In 2024 alone, its HARMON-E platform connected 97 MW of EV charging capacity across the continent.
“We are excited to back FLEXECHARGE together with EnBW New Ventures. FLEXECHARGE has built a unique load and energy management platform that unlocks flexibility. Smart solutions specifically designed for the EV sector are urgently needed, especially in the Netherlands where the grid is highly congested. We look forward to supporting the company and accelerating their journey to become the European leader.”