ENGYcell
ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
ENGYcell
ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
TL;DR
Headquarters: Riga, Latvia
Founded: Sep 2024
Product: Battery energy storage systems (BESS) plus AI-driven energy management and automated trading (VPP)
Founders: Egija Gailuma; Kristians Karlsons; Kristaps Vasiljevs; Eugene Zaremba; Aleksis Pauls Lindemanis
Recent funding: Mar 2025 — Pre-seed €250,000 led by Change Ventures; additional European Union grant (~$200,000); total reported ~€450,000
Company Overview
Problem Domain
Grid flexibility, energy-cost optimization, renewable integration, and participation in energy markets (trading and frequency/regulation services).
Founded
2024
Industry
Energy / Energy storage
Tech Stack
Funding Track Record
€250,000
Reported as a pre-seed investment led by Change Ventures.
$200,000
Reported as a non-dilutive grant from the European Union; disclosed alongside the pre-seed round.
Investor Signal
“Pre-seed investment led by Change Ventures (€250k) plus an additional European Union grant (~$200k)”