Hive Power

Name

Hive Power

Legal name

Hive Power SA

Website

https://hivepower.tech

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Energy Management Software

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

EV Charging & Fleet VPP Aggregation (Managed Charging, V2G, Depot/Highway) (EUAFAHAC)

akta.pro secondary industries

VPP Optimization, Forecasting & Dispatch Software (AI/ML, Digital Twins) (EUAFAHAG), Aggregator-as-a-Service & White-Label VPP Programs (Retailers, OEMs, Utilities) (EUAFAHAK), Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA), Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation) (EUAFALAJ)

Keywords

• Virtual power plant
• Smart charging
• Battery monetisation
• Energy community management
• Flexibility orchestration

Headquarters

HQ city

Manno

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. FLEXO SaaS Platform Subscription: Annual or multi-year subscription-based access to FLEXO platform modules including Virtual Power Plant, Smart Charging, Battery Monetisation, Energy Communities, and Local Optimisation. Revenue derived from licensing the AI-powered flexibility orchestration platform to enterprise customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

FLEXO is a cloud-based AI-powered Flexibility Orchestrator SaaS platform that connects distributed grid-connected assets (EVs, batteries, solar, heat pumps, smart appliances) to energy markets and grid services. The platform aggregates these assets into Virtual Power Plants and uses machine learning to optimize across multiple objectives including local self-consumption, energy market trading, and grid ancillary services. It serves EV OEMs, fleet operators, charge point operators, asset managers, and energy retailers across Europe.

Product overview

Hive Power's product portfolio centres on FLEXO, a cloud-based AI-powered Flexibility Orchestrator platform offered as a modular SAAS product. FLEXO serves as the core intelligence layer connecting distributed grid-connected assets (EVs, stationary batteries, solar inverters, heat pumps, smart appliances) to energy markets and grid services. The platform consists of the FLEXO core product plus five integrated modules: Virtual Power Plant (energy aggregation and demand response), Smart Charging (V1G, V2G, V2X), Battery Monetisation (BESS value stacking), Energy Communities (community management and incentive splitting), and Local Optimisation (building-level energy management). FLEXO Connect is an optional hardware bridge for device telemetry. White-label web and mobile apps provide end-user engagement and administrative controls. The platform processes real-time data including weather forecasts, energy market prices, and user behaviour through its AI engine to deliver energy forecasts, optimal scheduling, and multi-objective optimisation across markets and grid services.

Differentiator

Problem solved

Functional benefit

Brands

• FLEXO: AI-powered Flexibility Orchestrator platform for energy management, virtual power plants, smart charging, battery monetisation, energy communities, and local optimisation.

Products and services

• FLEXO (Flexibility Orchestrator)

Quantifiable outcome

• Up to €1,180 per year savings per EV through smart charging optimization
• +5 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability6 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core.

• PlenitudecoreStrategic or Co-development PartnerPartnership for self-consumption and energy community management. Plenitude, an energy company, collaborates with Hive Power to offer innovative energy management services.
• Haier EuropecoreStrategic or Co-development PartnerCollaboration demonstrating the potential of smart energy management within energy communities. Haier Europe works with Hive Power on energy management solutions.
• AMAGcoreStrategic or Co-development PartnerAMAG uses Hive Power's FLEXO platform to aggregate their EV fleet as a Virtual Power Plant to balance the grid, whether vehicles connect at home, office, or beyond.
• AEM (Azienda Elettrica di Massagno)coreStrategic or Co-development PartnerPartnership on grid dynamic tariffs project that received Watt d'Or 2025 Special Jury Prize from Swiss Federal Office of Energy.
• AMB (Azienda Multiservizi Bellinzona)coreStrategic or Co-development PartnerPartnership on grid dynamic tariffs project that received Watt d'Or 2025 Special Jury Prize from Swiss Federal Office of Energy.
• Kwick EnergycoreStrategic or Co-development PartnerPartnership to introduce groundbreaking service facilitating efficient energy management for energy communities in Switzerland.
• 1254+ Device ManufacturerscoreTechnology or IntegrationExtensive integration ecosystem with 300+ manufacturers including ABB, Alfen, AlphaESS, Alpitronic, BYD, ChargePoint, Tesla, Volkswagen, Wallbox, and many more enabling FLEXO to connect to diverse hardware.
• BSP (Balance Service Provider) PartnerscoreTechnology or IntegrationFLEXO integrates with BSP partners to bring assets to ancillary markets without additional steps. Customers can also use their own BSP contracts.

Scale indicators3 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• EnergyHub: EnergyHub is a US-based DER management platform provider serving utilities with residential and commercial demand response, VPP, and energy management software. Directly comparable to FLEXO in target buyer (utilities, energy retailers), use cases (VPP aggregation, DR, smart charging), and SaaS delivery model.
• Virtual Peaker: Virtual Peaker provides a cloud-based DER management platform for utilities, focused on residential and commercial device orchestration including EVs, batteries, thermostats, and smart appliances. Closely overlaps with FLEXO's VPP and Smart Charging modules in functionality and customer profile.
• GridPoint: GridPoint is a building and DER energy management platform serving commercial enterprises and multi-site retailers with asset monitoring, optimization, and demand response. Comparable to FLEXO's Local Optimisation and asset manager-focused use cases across multi-site commercial customers.

Broad incumbents

• Tesla Energy (Autobidder): Tesla's energy business includes Powerwall, Megapack, and the Autobidder real-time trading and VPP platform that aggregates distributed batteries and solar. Competes with FLEXO's Battery Monetisation and VPP modules, with materially larger capital, hardware footprint, and geographic reach.
• Enel X Way: Enel X Way (now under Enel Group reorganization) operates one of Europe's largest EV charging networks and provides energy flexibility services, including VPP participation through its parent Enel's trading desk. Competes with Hive Power on EV fleet charging optimization and grid services across European markets.
• Octopus Energy (Kraken platform): Octopus Energy's Kraken platform manages millions of flexible energy assets (EVs, batteries, heat pumps) for retail and grid services across the UK, EU, and APAC. The Kraken Flex product competes directly with FLEXO's VPP orchestration capabilities and white-label SaaS model.

Emerging players

• Nuvve Holding Corp. Nuvve specializes in V2G aggregation platforms for EV fleets, enabling bidirectional charging revenue participation in grid services. Directly comparable to FLEXO's V2X smart charging module with a narrower geographic and customer footprint.
• Fermata Energy: Fermata Energy provides V2G and V1G software platforms for EV fleets and dealerships, enabling participation in demand response and ancillary services. Directly comparable to Hive Power's Smart Charging and VPP modules for commercial fleet use cases.
• Sunverge (Stryten Energy): Sunverge (now part of Stryten Energy) provides a residential DER aggregation and VPP platform combining hardware (smart batteries) with cloud orchestration software. Comparable to Hive Power's residential/community DER aggregation functionality and VPP-as-a-service model.
• KOKO Networks: KOKO Networks operates a distributed energy platform across East Africa, managing bioethanol cooking fuel and battery swap networks with embedded VPP and asset orchestration capabilities. Less direct overlap but comparable as an emerging energy orchestration SaaS player in adjacent geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hive_power
• LinkedInlinkedin.com/company/hive-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hive Power