Finnish deep-tech company Vensum Power raises €9 million to bring near-lossless power conversion to AI data centers, EV charging and energy storage
Finnish deep-tech company Vensum Power has raised a €9 million Series A round, co-led by Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures. With the new funding, the company’s software-defined power conversion platform will be taken to mass production in 2027 for EV charging, energy storage, and DC microgrids, and brought next to AI data centers where Vensum’s near-lossless power conversion addresses the major bottleneck and worldwide concern of power availability.
“The funding round propels us from developing technology to delivering it at industrial scale and bringing the same proven solution to AI data centers, where access to power has become the main bottleneck. The question in data centers is no longer only how powerful the chips are, but how efficiently the used electricity actually reaches them. Thanks to the software-defined approach, our converters operate consistently at extremely high efficiency even with rapidly changing loads,” explains Peter Nisula, CEO of Vensum Power.
The new funding brings Vensum Power’s total funding to date to €15.2 million. Both new lead investors are the venture arms of major industrial groups – Larsen & Toubro in engineering and technology, and Eviny in renewables and energy infrastructure. Their backing reflects a growing need to get more out of limited power capacity as electricity demand rises.
“Data centers are competing with every other sector for the same grid capacity, and Vensum Power tackles one of the most overlooked inefficiencies in the system: converting power into a form that equipment can use optimally. The global energy transition and the growth of digital infrastructure both depend on getting this right, at scale. We are proud to support Vensum Power as it scales up across global markets and, in doing so, we help accelerate the energy transition,” says Prashant Chiranjive Jain, Managing Director of L&T Vyoma and Head of L&T Electronic Products & Systems, both business verticals of Larsen & Toubro.
For Eviny Ventures, the investment in Vensum Power reflects its ambition to back technologies that can accelerate the energy transition.
“Through our own operations, we see every day how much value is lost when power is converted on its way to where it is needed. Vensum Power cuts those losses in areas we know well, such as EV charging, energy production, and energy storage. We look forward to supporting the team with Eviny’s experience from more than a century in renewable energy,” says Andreas Engelsen, CEO of Eviny Ventures.
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About Vensum
Power Vensum Power develops software-defined power conversion technology. Its near-lossless conversion helps turn constrained electricity into more usable power for high-growth electrification applications and AI infrastructure. Vensum Power is a Finnish deep-tech company founded in 2018, currently employing around 20 people. www.vensum.com
Media contacts
Peter Nisula, CEO, Vensum Power
peter.nisula@vensum.com
Tero Lehtonen, COO, Vensum Power
tero.lehtonen@vensum.com
