VERBUND invests in energy management startup Reduxi GmbH

Michael Strugl, CEO of VERBUND, emphasises the importance of this investment: "By participating in Reduxi GmbH and its technology, we are strengthening our commitment for a sustainable energy future. This investment helps us to further expand our market position as a provider of energy solutions for private households. Intelligent energy management systems are an important step for us to improve grid stability and to optimise our customers’ energy consumption. This allows us to support our strategy and vision of investing in technologies that promote the transition to sustainable energy systems.”

Optimised energy consumption

Reduxi GmbH is the recently founded Austrian holding company of the Slovenian startup Amibit d.o.o. and specialises in energy management systems for households and small companies. Its main product, the Reduxi-Controller, was launched in 2022 and provides a comprehensive solution for optimising and controlling energy consumption. Amibit uses a B2B2C model and works with various distributors to reach end customers. With the aid of advanced algorithms, Reduxi automatically collects and analyses power consumption data and strives to optimise energy consumption. The result is a balanced grid load that gives the suppliers a stable grid and lowers costs for customers.

Franz Zöchbauer, Managing Director of VERBUND X Ventures, explains the advantages of the investment from the perspective of Corporate Venture Capital: “The investment in Amibit gives us the opportunity to invest in a rapidly growing market. The Reduxi-Controller impresses with its excellent interconnectivity, user-friendliness and compatibility with modern cloud and edge computing technologies. These properties give Reduxi a clear competitive advantage and contribute to solving the challenges thrown up by the energy transition and the increase in energy generation and consumption. 

In addition to the venture capital fund of VERBUND, Acex Ltd. also participated in the financing round in order to support the further development and market penetration of the home energy management system (HEMS). By investing a total of 1.56 million euros, VERBUND X Ventures is acquiring around 11% of the company shares of Reduxi.

Reduxi GmbH previously participated in the VERBUND X Accelerator and won the award for the best pitch from on the demo day of Batch 5. Aleš Nastran, CEO and co-founder of Reduxi GmbH, welcomes the further partnership with VERBUND: “We are delighted to have gained VERBUND as a strategic investor. This cooperation is enabling us to further develop our technologies and to accelerate our growth. Together, we can significantly increase the efficiency and sustainability in the energy sector and offer our customers customised solutions for their energy management requirements.” 

More information on VERBUND X Ventures: https://www.verbundx.com/en-at/ventures
More information on Reduxi: https://www.reduxi.eu/