Utrecht, Netherlands – March 19th, 2025 – Withthegrid, the company behind the Teleport Gateway, announced €3.5 million in new funding to accelerate its mission of increasing grid flexibility and asset control. The investment consists of €2 million from the Amsterdam-based venture capital firm Move EnergyMove Energy is an early-stage venture capital firm dedicated to supporting early-stage companies pioneering hardware and software solutions to decarbonise the power, transport, and buildings sectors. With a focus on impact-driven investments, Move Energy aims to support the next generation of transformative ventures contributing to a more sustainable world. Move Energy is headquartered in Amsterdam and is backed by InvestNL, the European Investment Fund, family offices, and private investors. For more information visit: moveenergy.vc and €1.5 million debt financing jointly funded by RabobankRabobank is a leading bank headquartered in the Netherlands, with international operations in over 35 countries. Rabobank has a broad mission to embrace innovation, growth, and sustainability in the financial services it provides, and supports innovative, high-growth companies in their ambitions and growth with a dedicated Startup & Scale-up Team. For more information visit: rabobank.nl/en/business/startups-and-scale-ups and Nationaal Groenfonds.Nationaal Groenfonds is a Netherlands-based fund that finances projects and companies working to improve the green living environment and drive sustainable innovation. Established to connect ecology and economy, Nationaal Groenfonds supports initiatives in areas such as nature conservation, sustainable energy, circular economy, and environmental infrastructure by providing accessible financing. For more information visit: nationaalgroenfonds.nl

This new capital will enable Withthegrid to expand internationally, accelerate product development, and scale its operations to better support partners and customers amid the rapid changes in the energy sector and geopolitical landscape.

Meeting Europe’s rising demand for secure energy solutions

As Europe accelerates its transition to renewable energy sources – while grappling with rising electricity demand, costs, and uncertainty in the geopolitical environment – grid congestion and secure data flows have become critical concerns.

As an independent and secure asset controller, the Teleport Gateway solves this by enabling real-time control and data integration for 450+ asset types – from solar inverters to wind turbines, batteries, and electric vehicle charging stations. Trusted by industry leaders including Eneco, Vattenfall, Essent, Vandebron, and Novar, it provides them with the necessary tools to maximize flexibility and capitalize on new market opportunities.

The Teleport also offers plug-and-play integrations with major analytics and monitoring platforms such as ACCURE,Read more about the integration here: Integration Teleport – ACCURE. SynaptiQ,Read more about the integration here: Integration Teleport – SynaptiQ. or Withthegrid’s own Power Quality monitoring solution, allowing customers to incorporate real-time data into their existing workflows.

Enhancing security and scalability

Friso Bensdorp, Partner at Move Energy, highlighted the importance of Withthegrid’s work: “We believe unlocking asset flexibility in a scalable, secure and independent manner is essential to achieving a sustainable energy system. Withthegrid’s achievements with the Teleport Gateway are impressive, particularly in helping asset owners, energy traders, and grid operators manage assets effectively in increasingly congested energy grids.”

Nationaal Groenfonds echoed this sentiment: “We fully support Withthegrid in its further development. The ambitious scale up and the incremental funding requirements that this brings is generally a delicate phase, and we are proud that we can help Withthegrid breed through this, and continue its path to further growth.”

Paul Mignot, CEO of Withthegrid, expressed his enthusiasm about the successful funding round: “We are pleased to have attracted funding from such reputable and energy sector knowledgeable organizations as Move Energy, Rabobank, and Nationaal Groenfonds. Their confidence in our vision not only validates our business strategy but also propels us forward to achieve our ambitious goals. We look forward to working together as we continue to innovate and grow.”

This latest investment will directly benefit Teleport users by enhancing its capabilities in response to the evolving geopolitical landscape, expanding the Teleport Asset Library, and scaling operational capacity to support European expansion. Customers can expect quicker project deployments, compatibility with new asset types, full compliance with European grid operator standards, and reinforced secure data management – all crucial for a reliable, decentralized energy future.

“The energy transition relies heavily on real-time asset control and secure, independent data exchange,” said Paul Mignot. “With this investment, we are further strengthening our offering and empowering our customers and partners with the required tools to meet the demands of an increasingly digital energy system. Our mission remains clear: to enable reliable and future-proof energy flexibility.”