Vienna-based energy software startup Podero has successfully raised €5.5 million in an oversubscribed seed round, marking a significant step forward in the company’s mission to support utilities in managing energy market volatility. The funding round was led by Planet A Ventures, with participation from Systemiq Capital, Pale Blue Dot, and Push Ventures.
Europe’s energy market is evolving rapidly, with renewables driving increased price fluctuations. Solar and wind power, while essential for sustainability, introduce unpredictable supply patterns, making it harder for utilities to manage costs effectively. Regulations, such as Germany’s dynamic tariff mandates, are adding further pressure on utilities to adopt smarter, more flexible energy solutions.
Amid these challenges, Podero’s software offers a way forward, allowing utilities to optimize Distributed Energy Resources (DERs) like heat pumps, electric vehicle (EV) chargers, and home batteries. This approach not only lowers electricity costs but also enhances grid stability.
With fresh capital secured, Podero is set to expand its European sales and customer success teams, ensuring more utilities can integrate its platform seamlessly. The funding will also fuel product enhancements, including greater device integrations, improved algorithm optimization for different electricity markets, and more automation features to simplify operations for energy providers.
Looking ahead, the company aims to scale its platform to new markets, strengthen partnerships with device manufacturers, and position itself as a go-to solution for utilities looking to stay competitive amid increasing market disruption.
Founded in July 2022 by Chris Bernkopf and Moritz Schrader, Podero was created to bridge the gap between utilities and smart energy management. Bernkopf, a serial entrepreneur and Y Combinator alum, teamed up with Schrader, an ex-Volkswagen electrician with expertise in autonomous driving software, to develop a platform that simplifies energy optimization while making it accessible to both utilities and end-users.
Unlike many competitors that focus solely on device integration, Podero offers a dual advantage: smart device control and energy trading. By aggregating energy consumption data from over 54 manufacturers, including Tesla, Viessmann, Huawei, and Volkswagen, Podero allows utilities to actively trade power and offer lower-cost contracts to customers.
Podero’s investor lineup includes some of the most recognized names in climate-focused and impact-driven investment.
As the energy landscape continues to shift, Podero is positioning itself as an essential tool for utilities looking to reduce costs, increase efficiency, and stay ahead of evolving regulations. With the rise of 100 million new electric devices expected to enter the market within the next five years, managing energy usage effectively will be more critical than ever. Thanks to its latest funding round, Podero is well-equipped to lead this transition, helping utilities embrace the future of smarter, decentralized energy management.
