Finnish startup secures €9 million Series A to scale power conversion technology for AI data centres and electrification

Espoo-based deeptech company Vensum Power has raised €9 million in a Series A round co-led by existing investor Lifeline Ventures and new investors Larsen & Toubro Group and Eviny Ventures, with continued participation from Grid.vc and Harjavalta Ventures. The round brings the company’s total funding to €15.2 million. Vensum Power develops software-defined power conversion technology designed to minimize energy losses and make electricity more efficiently usable in applications such as EV charging, energy storage and AI data centres. The funding will support the transition from technology development to industrial-scale production, with the company’s first products for EV charging, energy storage and DC microgrids...

Læs hele artiklen hos kilden.