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§ Venture Capital · Paseo Conde de los Gaitanes No. 177, La Moraleja Alcobendas, M
Corporate venture builder and investor driving energy transition and connectivity in electricity and telecommunications sectors.
Key people at Elewit.
Based in Tres Cantos, Spain, Elewit operates as the corporate venture builder and technology platform of Redeia, focusing on driving the energy transition and advancing connectivity within the electricity and telecommunications sectors. The organization develops sustainable infrastructure solutions by leveraging artificial intelligence, blockchain, and Internet of Things technologies through direct equity investments and structured venture client programs. Operating with an initial team of 18 employees, the firm has outlined a comprehensive strategic plan to deploy €49 million across various open innovation initiatives and pilot projects. Elewit actively collaborates with established industry partners and emerging startups, recently taking a 46 percent ownership stake in Arin Technologies alongside Arteche and participating in a $12 million funding round for Splight. The corporate innovation subsidiary was officially established in September 2019 by its parent organization, Redeia.
Key people at Elewit.
Elewit has 1 tracked investment across 1 company. The latest tracked deal is $2.4M Seed in Nearby Computing in December 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 11, 2020 | Nearby Computing | $2.4M Seed | Cellnex Telecom, Elewit, Lenovo | — |
Elewit is the technology platform of Redeia (formerly Red Eléctrica Group), founded in 2019 to develop innovative solutions that promote the energy transition and enhance connectivity in the electricity and telecommunications sectors. It serves as a bridge between the traditional utility infrastructure and emerging technologies by collaborating with startups and leveraging Redeia’s extensive assets and expertise. Elewit focuses on improving network efficiency, grid reliability, sustainability, and security while enabling new services and connectivity access, aiming to build a sustainable future[1][2][3][5].
Elewit operates a venture-client model, partnering with startups by becoming their client to pilot and integrate cutting-edge technologies such as blockchain, augmented reality, and artificial vision into the energy sector. This approach has accelerated innovation within the Red Eléctrica Group and fostered new business opportunities, supporting startups in areas like substation maintenance and electricity demand management. The platform also invests strategically in startups, expanding its portfolio to include companies focused on robotics and digital asset management for electrical grids[2][3].
Elewit was established in 2019 as the technological platform of Redeia (formerly Red Eléctrica Group), a key player in Spain’s electricity and telecommunications infrastructure. The platform was created to address the challenges of energy transition and connectivity by fostering innovation through collaboration with startups and leveraging Redeia’s infrastructure and expertise. Silvia Bruno has led Elewit since its inception, guiding its evolution into a unique innovation ecosystem that transforms two fundamental 21st-century services: electricity and telecommunications[1][2].
Elewit rides the global trend toward decarbonization, digitalization, and smart infrastructure in energy and telecommunications. The timing is critical as energy systems worldwide shift to renewable sources and require advanced grid management and connectivity solutions. By integrating emerging technologies like AI, blockchain, and robotics into traditional utility operations, Elewit helps accelerate the energy transition and enhances grid resilience. Its venture-client model also strengthens the startup ecosystem by providing real clients and real use cases, bridging the gap between innovation and market adoption in a traditionally conservative sector[1][2][3].
Elewit is poised to expand its impact by deepening its startup collaborations and scaling pilot projects into commercial deployments. The launch of new ventures, such as Arin Technologies focused on digitization of grid assets, and investments in robotics signal a broadening scope. Future trends shaping Elewit’s journey include increased electrification, smart grids, and the convergence of energy and telecommunications infrastructure. As energy transition accelerates globally, Elewit’s role as an innovation enabler within a major utility group will likely grow, influencing both the Spanish and international energy ecosystems[3].
In summary, Elewit exemplifies a forward-thinking platform that leverages a unique venture-client model and strategic assets to drive sustainable innovation in energy and connectivity, positioning itself at the forefront of the evolving utility landscape.
