enspired, an optimizer for battery energy storage systems, has extended its Series B funding over €40 million (~$47 million), with participation from new investor Future Energy Ventures. The round also includes renewed commitments from Zouk Capital, EnBW New Ventures, Banpu NEXT, PUSH VC, and 360 Capital.
This funding extension follows the company’s previously announced €25.5 million (~$27.5 million) Series B round in May 2024, led by Zouk Capital, with participation from PUSH VC, Banpu NEXT, Vopak Ventures, and Presidio Ventures, alongside returning investors Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW Ventures.
The company leverages data-driven optimization to maximize the revenues, efficiency, and lifespan of battery energy storage systems across power markets.
Its Route-to-Market (RTM) service supports every phase of BESS projects from backtesting and regulatory compliance to revenue planning and degradation-safe optimization across all markets.
As part of its global expansion, enspired has strengthened its partnership with Banpu NEXT, a net-zero solutions provider in the Asia-Pacific region.
“Banpu NEXT is excited to be the first partner outside of Europe to take advantage of enspired’s superior optimization approach. With their expertise and advanced AI technologies, we are collaborating on the development of innovative energy solutions for the Japanese power market. We are confident that this partnership will strengthen our BESS portfolio and energy trading business while reinforcing our strategy of AI integration in our solutions to drive smarter, more reliable, and sustainable energy systems, supporting both companies’ business growth and the country’s decarbonization goals,” says Smittipon Srethapramote, CEO of Banpu NEXT.
According to Mercom’s 1H and Q2 2025 Funding and M&A for Energy Storage report, VC funding in the sector totaled $1.7 billion across 36 deals, down 29% compared to the previous year. Energy Storage Downstream companies received the most VC funding in 1H 2025. Other top-funded categories included Materials and Components, Energy Storage Systems, Sodium-based batteries, and Thermal Energy Storage companies.
In April, iwell, a provider of smart energy management and battery storage system solutions, closed a €27 million (~$31 million) funding round led by Meridiam, an independent investment Benefit Corporation and asset manager, through its Green Impact Growth Fund (GIGF).
