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Elewit
Elewit, Redeia's corporate venture platform, invests in startups solving grid digitalization and energy-transition challenges across Europe.
Elewit
Madrid-based Elewit was founded in 2019 as the corporate venture arm of Redeia, the Spanish transmission-system operator. The platform channels capital into early-stage companies that align with six strategic challenges across electricity and telecommunications infrastructure. Its mandate is wired for impact: invest, validate on Redeia's live grid, and scale through commercial adoption. The vehicle covers seed to late-stage venture, blending direct equity investments with a venture-client program that stress-tests startup technology inside Redeia's operations. The portfolio exposes the breadth of that mandate — from British photonics firm Synaptec and grid-robotics startup AssetCool to Spanish IoT security play Nexmachina and satellite analytics provider Orbital EOS. Engidi, Recognai, and Skootik confirm sector coverage that extends into predictive maintenance, NLP-driven document intelligence, and workforce safety. Geographic focus remains Continental Europe, weighted heavily toward Spain and the UK. Co-investment partners include Innoenergy, SpainCap, Endeavor, and multiple university-affiliated tech centers. Elewit operates a lean team inside Redeia, sourcing deal flow through its corporate partnerships — IBM, Accenture, BStartup — and an in-house venture lab. It avoids disclosing a dedicated fund size, deploying capital off Redeia's balance sheet and through a growing network of 10 active startup positions. Recent activity includes launching a dedicated New Ventures line to incubate and consolidate energy-tech solutions, and forming Arin Technologies with grid-equipment maker Arteche to commercialize grid-asset management software. The structural hook is a corporate VC model that functions as both an institutional LP and a first commercial customer. Elewit's venture-client program substitutes top-line revenue for cash investment at proof-of-concept stage, compressing the time from lab to lineman for early-stage hardware and deeptech founders. Parent Redeia provides a monopoly-scale sandbox, making Elewit less a fund and more a standing market-access agreement with a European grid operator.
General information
Firm type
Private Equity
Year founded
2019
AUM
Undisclosed
Location
Region
Europe
Country
Spain
City
Madrid
Corporate office
Madrid, Spain
Principals
Fernando Presa
CEO de Nexmachina
Daniel Vila
CEO de Recognai
Juan Peña
CEO de Orbital EOS
Philip Orr
CEO de Synaptec
Gerard Fernández
CEO de Engidi
Marta Porroy
Co-founder de Alchemy ML
Sector focus
Frequently asked questions
What is Elewit's relationship to Redeia?
Elewit is the wholly owned corporate venture platform of Redeia, the Spanish electricity and telecommunications transmission-system operator. It was established in 2019 to invest in and partner with startups tackling innovation challenges across Redeia's infrastructure. The platform uses Redeia's operating assets as a live environment to test and validate portfolio-company technologies.
Does Elewit operate as a traditional venture fund?
No. Elewit functions as a corporate venture capital platform backed by Redeia's balance sheet rather than a traditional closed-end fund. It combines direct equity investment with a 'venture-client' model that enables startups to run proofs-of-concept on Redeia's grid. This hybrid structure means portfolio companies get both capital and a fast track to revenue through commercial pilots.
What investment stages does Elewit typically target?
Elewit invests across early-stage venture — seed, startup, and expansion/late-stage rounds — consistent with its focus on technology validation and commercial scaling. The venture-client program is especially suited to seed and Series A companies that need a complex industrial sandbox to harden their products.
Which sectors does Elewit explicitly avoid?
Elewit's mandate is confined to technologies with direct application to electricity transmission, distribution, and telecommunications infrastructure. It does not invest in consumer internet, generalist SaaS, healthcare, or other sectors outside Redeia's six defined innovation challenges.
How does Elewit source proprietary deal flow?
Deal flow originates through Redeia's operational units, a network of Spanish and European innovation partners (including Innoenergy, SpainCap, Endeavor, and several universities), and the firm's own venture-lab scouting. The venture-client program itself attracts startups that see the grid-access pilot as a unique non-dilutive benefit.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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