Epilot's €10 Million Funding Boost to Revolutionize Green Energy Transition
July 13, 2024, 9:35 pm
In a groundbreaking move, Cologne's forward-thinking energy transition platform, epilot, has secured a substantial €10 million investment from Expedition Growth Capital. This injection of funds is set to revolutionize the way utilities and grid operators navigate the transition to renewable energy, paving the way for a more sustainable future.
The current landscape is plagued by outdated legacy IT systems that are holding back progress in the renewable energy sector. These archaic systems are preventing utilities from keeping pace with the complexities of serving customers in a holistic manner, while grid operators are struggling to manage the surge in grid connections. This bottleneck is impeding the renewable energy transition at a critical time when temperatures across Europe are soaring to record levels.
Founded in 2017, epilot has emerged as a beacon of innovation, offering an all-encompassing solution that streamlines processes, reduces complexity, and empowers enterprise customers to embrace the green energy revolution. By standardizing and automating sales processes for new renewable energy products, epilot enables utilities to enhance efficiency in handling customer inquiries and collaborating with installation companies. Grid operators, on the other hand, can leverage the software to alleviate bottlenecks in workflows and seamlessly connect more customers to renewable energy systems within their homes.
The impact of epilot's solution is profound, enabling customers to break free from the shackles of siloed and inflexible tools such as Microsoft Excel and outdated CRM systems. Projects that would typically span 18-24 months can now be completed in a matter of weeks, ushering in a new era of efficiency and agility in the energy sector.
With a robust client base that includes prominent names like badenova, DEW21, enercity, and Mainzer Netze, epilot has already made significant strides in driving the energy transition forward. Michel Nicolai, the CEO and co-founder of epilot, expressed his unwavering commitment to accelerating the energy transition, emphasizing that the recent funding round will propel the company even further on its growth trajectory.
The partnership with Expedition Growth Capital marks a significant milestone for epilot, as the investment firm's deep industry expertise and focus on supporting vertically focused SaaS companies align perfectly with epilot's vision for scalability and innovation. Will Sheldon, a Partner at Expedition Growth Capital, echoed this sentiment, highlighting the value that sophisticated customer organizations are deriving from epilot's robust and efficient platform.
Looking ahead, the new funding will enable epilot to expand its talented team of over 100 professionals, with a particular focus on bolstering the product engineering team. This strategic move will fuel the development of new products and solutions for the platform, as well as enhance its AI capabilities, positioning epilot at the forefront of the digital transformation in the energy sector.
As epilot embarks on this exciting new chapter, the possibilities for driving sustainable change in the energy industry are limitless. With a dedicated team of experts and visionaries at the helm, epilot is poised to lead the charge in accelerating the green energy transition and shaping a more sustainable future for generations to come.
The current landscape is plagued by outdated legacy IT systems that are holding back progress in the renewable energy sector. These archaic systems are preventing utilities from keeping pace with the complexities of serving customers in a holistic manner, while grid operators are struggling to manage the surge in grid connections. This bottleneck is impeding the renewable energy transition at a critical time when temperatures across Europe are soaring to record levels.
Founded in 2017, epilot has emerged as a beacon of innovation, offering an all-encompassing solution that streamlines processes, reduces complexity, and empowers enterprise customers to embrace the green energy revolution. By standardizing and automating sales processes for new renewable energy products, epilot enables utilities to enhance efficiency in handling customer inquiries and collaborating with installation companies. Grid operators, on the other hand, can leverage the software to alleviate bottlenecks in workflows and seamlessly connect more customers to renewable energy systems within their homes.
The impact of epilot's solution is profound, enabling customers to break free from the shackles of siloed and inflexible tools such as Microsoft Excel and outdated CRM systems. Projects that would typically span 18-24 months can now be completed in a matter of weeks, ushering in a new era of efficiency and agility in the energy sector.
With a robust client base that includes prominent names like badenova, DEW21, enercity, and Mainzer Netze, epilot has already made significant strides in driving the energy transition forward. Michel Nicolai, the CEO and co-founder of epilot, expressed his unwavering commitment to accelerating the energy transition, emphasizing that the recent funding round will propel the company even further on its growth trajectory.
The partnership with Expedition Growth Capital marks a significant milestone for epilot, as the investment firm's deep industry expertise and focus on supporting vertically focused SaaS companies align perfectly with epilot's vision for scalability and innovation. Will Sheldon, a Partner at Expedition Growth Capital, echoed this sentiment, highlighting the value that sophisticated customer organizations are deriving from epilot's robust and efficient platform.
Looking ahead, the new funding will enable epilot to expand its talented team of over 100 professionals, with a particular focus on bolstering the product engineering team. This strategic move will fuel the development of new products and solutions for the platform, as well as enhance its AI capabilities, positioning epilot at the forefront of the digital transformation in the energy sector.
As epilot embarks on this exciting new chapter, the possibilities for driving sustainable change in the energy industry are limitless. With a dedicated team of experts and visionaries at the helm, epilot is poised to lead the charge in accelerating the green energy transition and shaping a more sustainable future for generations to come.