eSave, an innovative technology start-up from Madrid dedicated to the optimisation of sales processes in the energy sector, has managed to close a €1 million deal with the entry of ENION Partners in its capital. The investment will allow the product to expand to new markets, take the solution to new businesses and expand the current team, with the aim of continuing double-digit growth in the coming years.
The company has developed a tool based on its own OCR (Optical Character Recognition) that speeds up and simplifies customer acquisition for energy retailers through the use of artificial intelligence, big data and machine learning technology. Its technology makes it possible to digitise data on electricity and gas customer bills, and automates the process of generating an offer and contracting for the consumer. Thus, the end customer benefits from a more agile experience in the process of changing supplier, and energy companies reduce the resources dedicated to generating an offer. Currently, they work with the majority of suppliers, from the largest such as Total Energies, Repsol or Iberdrola, to the recently created such as Sweno, Gana or Imagina, and comparators such as Selectra or Watiofy; the next challenge is to penetrate large energy companies in other European markets, and to continue optimising processes based on the automation and digitalisation of documents.
Josep-Miquel Torregrosa, CEO and General Partner of ENION Partners, commented: "We are very pleased to join eSave's project. We believe their technology has great potential to drive the energy sector towards a more efficient future, and we share their vision in transforming the energy industry through digitisation, advocating for the most efficient and optimal tariffs for each consumer and improving their contracting experience.
Pablo Manzano, CEO of eSave, said: "At eSave we are very excited about the entry of ENION Partners as an investor. This investment will allow us to accelerate our expansion, reach more customers and continue to innovate our product and services with experienced professionals. We are committed to providing an exceptional user experience, empowering consumers with the tools to optimise their supply, and contributing to the advancement of the energy transition.
About eSave:
eSave is a company dedicated to optimising sales processes in the energy sector through its advanced OCR technology adapted to the entire energy sector. eSave's platform digitises the extraction of data from electricity and gas customer bills, automates the sales process and provides customers with a faster and more efficient experience. www.esave.es
About ENION Partners:
ENION Partners is a Venture Capital firm committed to accelerating the energy transition and decarbonisation of the economy by managing funds that invest in technology-based start-ups with a positive impact on climate action. It contributes to reducing greenhouse gas emissions, minimising waste and improving energy efficiency.
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