CVX Ventures is proud to be part of an exciting journey towards transforming the world’s electrical infrastructure. We have finalized our second investment round with BLIXT, a company at the forefront of creating a smarter, safer, and more sustainable energy future. CVX has joined a €5 million seed funding round, co-led by Union Square Ventures (USV) and Energy Revolution Ventures (ERV).
BLIXT has developed innovative technology that makes our electricity systems more efficient and adaptable. Imagine a world where the devices controlling electricity in our homes and businesses are not just on or off switches but intelligent systems that can manage energy flow in real time. That’s what BLIXT brings to the table with their groundbreaking products, BLIXT Zero and X-Verter®.
BLIXT Zero is a new kind of switchgear that works incredibly fast, ensuring a stable and reliable power supply. The X-Verter® then takes it a step further by making energy storage more efficient, which is crucial for using renewable energy sources like solar and wind power.
The importance of this technology cannot be overstated. As Charlotta Holmquist, President and Co-Founder at BLIXT, highlights, ”To fully unlock our zero-carbon future, it’s urgent to address the limitations of our antiquated electrical infrastructure.” By making our energy systems more flexible and adaptable, BLIXT’s solutions pave the way for integrating more renewable energy into our grid, crucial for combating climate change and building a sustainable future.
We at CVX Ventures are honored to become part of this investment round and are excited to follow BLIXT’s journey. A huge congratulations from us to the entire BLIXT team.
Learn more here.
