iwell builds modular, software-driven EMS and BESS solutions that store clean, low-cost energy and deploy it when demand and prices peak to lower bills, reduce grid strain, and maximise on-site renewables. The company targets commercial and industrial sectors where stable power is mission-critical, including logistics, transportation and manufacturing, and has a partnership with DAF Trucks for e-truck electrification customers. iwell emphasises an AI-driven energy platform and combines hardware and software expertise to optimise energy flows rather than selling batteries alone. The company has offices in Belgium, Germany and the UK and says it has investable business cases for over 400 partners. With the new funding iwell plans to accelerate international expansion—initially focusing on Germany and the UK—and invest significantly in software development, data analytics and AI capabilities. Founded in 2016, the company positions itself to help address grid congestion and rising demand across Europe.

Total raised

$32M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2025