Gorilla Capital has invested in Hytrade, a company offering an AI-driven SaaS solution to optimize energy consumption and trading for industrial sectors, marking a strategic move in the renewable energy landscape.
Information on the Target
Hytrade has developed an innovative AI-driven SaaS solution aimed at optimizing energy consumption and trading in industrial processes, significantly enhancing the efficiency of renewable electricity use. This platform serves modern industrial sectors, including data centers and wind farms, by enabling them to effectively manage their energy needs while actively participating in electricity markets.
According to Anne Särkilahdti, co-founder and CEO of Hytrade, the optimization and intelligent electricity trading capabilities provided by their platform can lower total production costs for businesses within the clean transition sector, thereby offering them a genuine competitive advantage.
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Industry Overview in the Target’s Specific Country
The energy industry in which Hytrade operates is characterized by a rapid transition towards renewable sources, driven by both regulatory frameworks and a growing awareness of environmenta
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Gorilla Capital
invested in
Hytrade
in 2023
in a Seed Stage deal