Investor Group Invests in Start-up fleXality

At the turn of the year, fleXality GmbH completed another round of financing. A new investor group is participating in the growing Bremen-based start-up for energy services and is investing around one million euros. The lead investor is the Buhlmann Group, a globally active trading house for steel pipes. Other investors include Tom Becker from Bremen’s reon AG, Leif Lupp, and Tobias Schütt.

(Bremen) “We are pleased about the capital increase and the interest of our investors in our growth,” says Sören Eilenberger, Managing Director of fleXality GmbH. “We benefit from the additional capital for expansion as well as from the industrial network and experience of our investors in financing, business development, and recruiting. In return, we offer our investment partners expertise and access to the field of artificial intelligence in connection with energy efficiency and cost optimization. The economic procurement of energy from renewable sources is central to the sustainable development of the industry. We want to drive this development forward.”

The team at fleXality, consisting of engineers and data scientists, is leading the way in making industrial plants and processes more cost-efficient, meaning more energy-flexible and thus also more climate-friendly. By using artificial intelligence (AI), fleXality helps energy-intensive companies procure their electricity from the grid in a cost-optimized manner. The catch for the customer: The purely data-driven IT system “fEnOMS” (for cooling processes in the “fleXcool” variant) can be installed in just a few days and requires no additional sensors or construction measures. Typically, the fleXality system saves more than 20 percent of the electricity costs for the cooling system.

“We consciously support fleXality GmbH at the Bremen location to have direct access to future technologies and to provide added value to our customers in the fields of artificial intelligence and energy optimization,” says Philipp Tengel, CFO of Buhlmann Rohr-Fittings-Stahlhandel GmbH & Co. KG. The Buhlmann Group holds the largest share in the new financing round.

fleXality plans to invest the fresh capital in the sales area as well as in the further development of products, particularly in the fleXheat^TM product for use in heat-intensive processes. “Our new investors strengthen the economic foundation of our young company in a dynamically growing market environment,” emphasizes fleXality Managing Director Dyke Wilke.

Not just money, but also expertise

The investors assist not only with capital but also with know-how from the industrial environment – especially when it comes to structuring complex contracts or technical regulations in industrial and commercial corporations. The investor group also supports recruiting and dealing with EU data protection regulations and access to industrial customers. With the developing module fleXheat^TM, the start-up also plans to integrate the application of its service in heat-intensive processes.

Photo: © Philipp Eigner / flexality GmbH / Image caption: fleXality Managing Director Sören Eilenberger (left in the picture) explains the savings potential of the cooling system directly on site in a customer’s cold storage facility