Plexigrid
Assembly Line
Sweden’s Plexigrid secures €6.5M from the European Innovation Council
Stockholm-based Plexigrid, a company that claims to reinvent electric grids for the energy transition, has secured €6.5M in a fresh round of funding from the European Innovation Council (EIC) Accelerator Programme. Plexigrid’s latest funding comprises a non-diluting €2.5M technology development grant and €1M in equity capital from Plexigrid. EIC contributed the remaining €4M as equity capital, to be combined with external funding in Plexigrid’s next funding round.
According to Plexigrid, this investment highlights the company’s dedication to transforming the energy sector and tackling key challenges in the shift to renewable energy sources.
The funding will drive the completion of Plexigrid’s flexibility orchestration engine and platform integration. These resources will fuel global scaling.