Dutch Startup Withthegrid Secures €3.5 Million to Boost Energy Flexibility
Amsterdam, Thursday, 20 March 2025.
Withthegrid, a Dutch tech firm, secured €3.5M led by Move Energy to enhance asset control and expand its European presence amid growing energy demand.
Investment Structure and Strategic Impact
The €3.5 million funding round, completed on March 19, 2025, comprises €2 million from Amsterdam-based venture capital fund Move Energy and €1.5 million in debt financing from Rabobank and Nationaal Groenfonds [1][2]. The Utrecht-based company’s strategic investment arrives at a crucial time when European electricity networks face mounting pressure from increasing electrification and the shift toward sustainable energy sources [3].
Technology and Market Position
Withthegrid’s flagship product, the Teleport Gateway, demonstrates significant market penetration with compatibility for over 450 different asset types, including solar inverters, wind turbines, batteries, and EV charging stations [2]. The company has established partnerships with major energy providers, including Eneco, Vattenfall, Essent, and Vandebron, offering seamless integration with prominent analytics platforms such as ACCURE and SynaptiQ [3].
Growth Strategy and Future Developments
The secured funding will drive three primary objectives: expanding the Teleport Asset Library, accelerating project deployment capabilities, and ensuring compliance with European grid operator standards [2][3]. CEO Paul Mignot emphasizes that this investment reinforces the company’s commitment to enabling reliable and future-proof energy flexibility, particularly focusing on real-time asset control and secure data exchange protocols [1].
Industry Impact and Market Validation
Move Energy partner Friso Bensdorp underscores the critical importance of scalable and independent asset control in achieving sustainable energy systems [1]. The investment represents a significant validation of Withthegrid’s approach to addressing growing challenges in network congestion and secure data exchange within the European energy sector [2][3].