Ankara-based inavitas, which operates as the industry’s leading provider in the field of energy with its energy management and intelligence platform, received an investment of $12.5 million.
Founded in 2012, Ankara-based inavitas is a technology company that operates as the industry’s leading provider in the field of energy with the energy management and intelligence platform it offers.
As the last days of 2023 approach, inavitas received an investment of $12.5 million from Alfasolar Technology Ventures Inc..
inavitas provides sustainable management of energy through energy management software integrated with IoT products, while also helping its customers achieve maximum operational efficiency and cost savings.
Company plays an important role at every stage of the energy flow by providing tailored solutions in the distribution, production and consumption of electricity. It offers its products in 3 main groups: electricity distribution companies, renewable energy power plants and businesses.
Inavitas, with its founders’ more than 20 years of experience in the energy sector, is among the companies focusing on different areas of energy such as energy storage, artificial intelligence, power quality, IoT devices, electric vehicle charging stations. Thanks to this collective expertise and experienced R&D team, it operates with the aim of creating innovative added value for sustainable energy. The company has gained a high coverage and recognition in the energy sector through the experience and expertise of its board of directors and intra-group companies.
Headquartered in Ankara, inavitas has won many awards in this field, becoming one of the fastest growing technology companies with Turkiye’s leading energy companies, collaborations in different continents of the world and foreign sales offices. More than 10,000 businesses, 2 GW renewable energy plants and 21 electricity distribution companies use inavitas’ solutions. With his R&D expertise, he has produced more than 25 R&D Projects, including EU projects. It has 85 employees in 3 different countries, growing sales channels on more than one continent, and projects implemented in 10 different countries.
The funds to be obtained through this strategic partnership is aimed to reach an EBITDA value of 40M EUR in 2028 by using it in areas such as growth in the European and US markets through the new sales channel to be positioned in the EU, new product development activities, new solution partnerships on a global scale and GW-scale project agreements including energy storage systems.
Source: Egirisim / Prepared by Irem Yildiz