# Elewit

Elewit is a Private Equity based in Madrid, Spain.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.elewit.ventures
- **LinkedIn:** https://www.linkedin.com/company/elewit

## Regulatory record

- **Reports private funds:** No

## About

Elewit is a corporate venture capital firm based in Madrid, Spain, that prefers to invest in the Internet of things, augmented reality, and other technologies. It is also a technology platform operating within the energy and telecommunications sectors.

## Sectors

- Energy Transition & Renewables
- Robotics & Automation
- AI/ML
- Enterprise Software

## People

- 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

## 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.

### 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.

## Related profiles

- [Eleven Ventures](https://altss.com/profile/eleven-ventures)
- [Elgner Group Investments](https://altss.com/profile/elgner-group-investments)

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Last updated: 2026-05-29T20:47:20.132Z

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