Gridio 2.0 OÜ Asset Profile

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Year established

2018

Location

Tallinn Estonia

Primary Industry

Energy Storage & Batteries

About

Founded in 2018 and based in Tallinn, Estonia, Gridio 2.0 OÜ operates as a renewable energy company that engages in reducing electricity consumption through solar power. Konrad Hanschmidt (CEO) and Sandor Liive are the co-founders of the company. In October 2022, Gridio 2.0 OÜ raised EUR 1 million in venture funding from Link Capital, Specialist VC, and The Sharing Group NV. The company offers a smart energy app that aims to help people better manage their energy usage. The firm's app is used for smart charging electric cars and scheduling residential electricity use based on electricity prices. Gridio's solution analyzes whether the car has to be charged instantly in order to be fully charged. The organization plans to use the October 2022 funding to further the development of the product to help with energy crisis issues.

Current Investors

Specialist VC, Decacorn Capital, Sunly AS

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Primary Industry

Energy Storage & Batteries

Sub Industries

Energy Storage & Batteries

Website

www.gridio.io

Verticals

Clean Technology, Mobile Apps

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2019

(81,644)

(74,553)

(83,775)

31 Dec 2020

38,417

(243,285)

(633.3%)

(228,933)

(595.9%)

(245,449)

(638.9%)

31 Dec 2021

31 Dec 2022

31 Dec 2023

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