The investment will accelerate development of Aevy’s industry-first platform for AI-enabled management and due diligence of onshore wind and utility scale solar assets
OSLO, Norway — Aevy, a provider of solutions for management and due diligence of renewable energy assets, today announced the completion of a NOK 6.2 million investment round led by StartupLab.
The round brings together a powerful consortium of strategic investors:
- StartupLab, a premier Norwegian early-stage investor across multiple industries
- Aidiom, contributing substantial experience in scaling AI-driven SaaS solutions
- CTO Roundtable, representing one of Norway’s leading CTO-ecosystems
- Antler, a global early-stage investor, demonstrating continued support through increased investment
The new capital will accelerate Aevy’s expansion throughout 2024, including:
- Development of advanced automation features for asset management and due diligence
- Addition of key roles to strengthen the team
- Expansion in the European renewable energy markets
Stig Sund, CEO and co-founder of Aevy, commented: “Owing to increasing complexity, asset managers now spend up to 40% of their time looking for information. With expectations of continued exponential growth, the industry desperately needs a solution that can increase asset management efficiency. This investment enables us to further accelerate development of our platform and deliver significant time and cost savings to the renewable energy sector.”
In addition to increasing the efficiency of asset management, Aevy offers a unique solution that provides a step-change in how due diligence is performed for renewable energy assets.
“As portfolios become more and more complex with dissimilar assets bundled together, efficient due diligence is critical to uncover critical information stored in 1000s of documents, reach the right valuations, and avoid costly mistakes”, says Gautier Moulin, COO and co-founder of Aevy.
“What makes Aevy special is how they combine deep operational experience with cutting-edge AI – building real solutions from years of industry insight. The founders have lived the problems they’re solving, and are very ambitious when it comes to how to attack the big commercial opportunity. Being able to connect innovative startups like Aevy with our industry partners creates opportunities for both sides, and we’re excited to support them on this journey as part of our portfolio.” says Gisle Østereng, Head of Investments at StartupLab.
About Aevy
Aevy is transforming renewable energy asset management and due dilligence through AI-powered document analysis. Founded in 2023 and based in Oslo, Norway, Aevy’s SaaS platform automates extraction and contextualization of information from documents, improving operational efficiency and financial
outcomes for wind and solar asset owners. Powered by a set of proprietary information models, Aevy provides the reliable quality, consistency and scalability required to enable long-term value creation for asset owners.
Contact Information:
Stig Sund, CEO and co-founder, stig@aevy.io
Gautier Moulin, COO and co-founder, gautier@aevy.io
Website: aevy.io
