• OKTO GRID is a company specialised in the digitalisation of electricity assets to boost the predictive maintenance of infrastructure.
• The Danish company joins a portfolio that already includes Zeleros, CounterCraft, Nearby Computing, HESStec and Aerolaser.

• Led by REE, Elewit and Hispasat, the four use cases test the capacity of 5G to optimise the management and remote visual inspection of high-voltage electricity facilities such as substations and electricity lines.
• All the projects are in the incubation phase and are part of a 5G macro-project promoted through a joint venture between 8 leading companies in technological innovation and telecommunications.

The Red Eléctrica Group -through its subsidiary companies Red Eléctrica de España, Elewit and Hispasat- is conducting four pilot projects that analyse the pot

How did you get started?

FlexiDAO was founded in November 2017 as a result of a 1-year research project at UPC University by my colleague Grzegorz Bytniewsky (CTO) and I. Shortly after, Joan Collell (co-founder and COO) joined our team.

Cellnex Telecom, Lenovo and Elewit (a technology subsidiary of the Red Eléctrica Group) have led the investment round in the Barcelona-based Nearby Computing, start-up, an initiative of the Barcelona Supercomputing Center-Centro Nacional de Supercomputación (BSC-CNS) and the Polytechnic University of Catalonia (UPC), with an investment of approximately €2 million.

• This initiative is part of the National Strategy on Artificial Intelligence that the Government presented today.
• Ms.

• The candidates propose innovative solutions that use Big Data, Artificial Intelligence and the Internet of Things to promote the digitalisation of electricity system assets and services through satellite technology, as well as to bolster the security of professionals in the maintenance of facilities and in the inspection works for electricity infrastructure.
• In the first edition of the programme, Elewit invested more than 300,000 euros in the development of pilot projects of four Spanish startups that are applying cutting-edge technology in the fields of line engineering, s

• Elewit is the new brand of the technological platform of the Red Eléctrica Group, a company that was born in 2019 to promote the energy transition and the development of telecommunications.
• Its first venture-client programme has promoted the development of four Spanish startups specialising in the fields of blockchain, augmented and extended reality and artificial vision, which have launched six pilot projects in the fields of substation maintenance, line engineering, electricity demand-side management and occupational health and safety.

Elewit, the new brand

Zeleros Hyperloop has completed a financing round worth more than €7 million. The company starts a new and important phase in the development of its unique version of hyperloop, the “fifth mode of transport”, the best alternative for the future to connect efficiently and sustainably long-distance routes for passenger and cargo transportation. Connections like Paris – Berlin could be reduced to less than an hour.

The Positive Energy+ platform estimates an initial investment of 4.19 million euros for the final 12 start-ups selected from the urgent call launched on 7 April. The initiative, which received 396 proposals in just thirteen days, closed successfully on 19 April and during the virtual Positive Energy+ Demo Day some of the finalists were announced.

CounterCraft, a European cybersecurity software company, today announced it has secured $5 million in additional funding. The financing round was led by Adara Ventures, joined by new investors eCAPITAL and Elewit, with participation from existing investors including Evolution Equity Partners, ORZA, and Wayra (Telefonica’s Open Innovation Hub).