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Estonian EV charging app Gridio secures €2.4M to cover Europe

Estonian startup Gridio raises €2.4M to help EV owners across Europe slash charging costs by shifting to cheaper hours, with no extra hardware needed.

Gridio, a Tallinn-based startup that helps electric vehicle owners charge their cars when electricity is cheapest, has raised €2.4 million in seed funding. The round was led by Neoinvesteeringud, with Encevo, SmartCap, and Renergy joining.

Founded in 2018 by Konrad Hanschmidt and Sandor Liive, Gridio now solves one of the most pressing issues for European EV users. The company’s app works by automatically shifting charging to hours when electricity prices are lowest – which often coincide with cleaner energy periods. It requires no additional hardware and currently supports major brands, including Tesla, Volkswagen, Škoda, Renault, Hyundai, Kia, Audi, Cupra, SEAT, and BMW. Savings reach 50%, claims the company.

Already serving 30,000 users across Europe, Gridio plans to quadruple its user base next year. The service is available throughout the EU, Norway, and Switzerland. For energy providers, Gridio offers a platform that can be integrated within weeks, allowing them to provide smart charging services to their customers without building extensive in-house software teams.

Gridio is also on the radar of the big energy players. Last year, Gridio partnered with French energy giant TotalEnergies to roll out its smart charging technology in France and Spain. The collaboration began through TotalEnergies’ accelerator program, where Gridio’s technology was successfully piloted in both markets before securing a broader partnership agreement.

“Energy providers are increasingly looking for ready-made solutions to help their customers be smarter about electricity use,” says CEO Konrad Hanschmidt. “Gridio delivers a double benefit: consumers save on their bills, and providers gain better tools to manage and reduce the cost of electricity delivery.”

The new funding will support Gridio’s expansion across European markets. “We are backing Gridio, as the success of its ambitious roadmap would not only result in a transformed and more cost-effective energy system but also unlock further potential for other clean energy solutions,” added Sille Pettai, CEO and Fund Manager at SmartCap.

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