AURA invests in Utiligize

Utiligize are thrilled to announce Aura as our newest investor!

Carsten Höegh Christiansen: “This investment once again emphasizes AURA’s dedication to driving the green transition. The power grid is the foundation of the electrification of society, which is a crucial parameter for reducing fossil fuels, and investments in the power grid are both long-term and financially heavy. Therefore, it is extremely important that we spend the money correctly and responsibly. Speaking of spending money responsibly, it seems a bit strange to me that grid companies themselves are developing IT solutions for their own consumption when the market already offers standard solutions that can be scaled. If we are to implement the green transition efficiently and quickly, grid companies must act today. Utiligize has already proven themselves and their technology. With customers in both Denmark and Italy and also entering the Norwegian market, the company has an exciting potential that we want to contribute to unlock. Our collaboration is an important step towards a more sustainable and efficient energy future.”

Besides Utiligize, AURA Ventures has invested in Spirri, (from which they have now achieved a very successful exit) Over Easy Solar and SynergyXR. 

‘We look for companies that create future solutions for the energy sector. We have been following Utiligize for a year and are impressed with both the team and the product. We know from our own grid company, Dinel, what value Utiligize’s solutions add. It is exactly the kind of “niche demand” that we as a strategic corporate investor understand – but also the great potential that otherwise lies in the company.” Emphasizes Martin Schorling Overgård, Head of AURA Ventures.



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