Elewit
- Company typePrivate
- Founded2019
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Elewit firmographics
Firmographics- Name
- Elewit
- Legal name
- ELEWIT, S.A.U.
- Website
- https://elewit.ventures
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Elewit industry classification
Industry- Product category
- Grid Asset Management Software
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121), Computer Systems Design and Related Services (5415)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Smart Grid Automation & Distribution Management (DA/ADMS) (EUADAPAA)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), Control Room HMI/Visualization, Alarm & Event Management (EUADAEAJ)
Keywords
Where Elewit is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Elewit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Corporate Venture Capital / Portfolio Companies: Elewit invests in and backs startups in the energy, infrastructure, and digital technology sectors. The portfolio includes 10 startups (AssetCool, Aerolaser System, OktoGrid, Splight, Nearby Computing, Cardumen Capital, and others). Returns are realised through portfolio company growth, exits (e.g., Illumex acquired by Nvidia), and strategic value to Redeia group.
- New Ventures / Internal Startup Creation: Elewit identifies, develops, and scales innovative solutions internally as new ventures, creating market-ready businesses. Arin Technologies (with Arteche) and products like SAGA, PDEye, DALIA, ZEPAS represent this motion. Revenue is generated through product licensing, subscriptions, and commercial partnerships.
- Innovation Services for Redeia Group: Elewit serves as the technology platform for Redeia (parent company), providing R&D and innovation project delivery for Red Eléctrica, Reintel, and Redinter. Funded by Redeia's innovation budget (40 million EUR investment mentioned in 2025/2026 news).
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Elewit product offering
Product offeringCore offering
Elewit develops and commercializes AI-powered software platforms and hardware solutions for electrical transmission grid operators (TSOs) and energy utilities. Its core offerings include SAGA (asset performance management on IBM Maximo APM), PDEye (AI-based partial discharge detection), DALIA (LiDAR and computer vision power line inspection with digital twins), ZEPAS (zero-emission portable substation power supply), and SERPAT (ergonomic grounding system). It also operates a corporate venture capital portfolio and a New Ventures program to scale internal innovations.
Product overview
Elewit is the technology platform of Redeia (parent group of Red Eléctrica), founded in 2019 to develop innovative solutions for the energy transition and telecommunications sectors. Its portfolio consists of five named products: SAGA (AI-powered predictive asset management for electrical grids, built on IBM Maximo APM), PDEye (AI-driven partial discharge detection for predictive maintenance of critical assets), DALIA (LiDAR and computer vision-based SaaS for automated power line inspection and digital twin creation), ZEPAS (zero-emission portable auxiliary power supply for substations), and SERPAT (ergonomic grounding system for field technicians). The products are delivered as both SaaS platforms and physical/infrastructure solutions, addressing grid operators, transmission system operators (TSOs), and utilities. Several products originated as internal innovation projects at Red Eléctrica before scaling to commercial offerings, often developed with strategic technology partners (IBM, Ampacimon, Aerolaser System) and backed by venture capital investments in related startups.
Differentiator
Problem solved
Functional benefit
Brands
- ZEPAS: Zero-emission portable auxiliary power supply for electrical sub-stations
- SERPAT
- DALIA
- PDEye
- SAGA
- Arin Technologies
- ElewitLAB
- ElewitTalks
Products and services
- SAGA (Advanced Asset Management Solution) AI-powered advanced asset management solution enabling predictive maintenance for electrical grid assets. Built on IBM Maximo APM for Energy and Utilities, with custom health indices, deterioration models, impact and risk models developed by Elewit with two leading TSOs (Red Eléctrica and Elia). Enables operators to transition from frequency-based to condition-based and risk-based maintenance planning.
- PDEye (Platform for Automatic Partial Discharge Interpretation) Predictive maintenance platform that uses artificial intelligence to detect partial discharges in critical electricity grid assets such as transformers, cables, and switchgear. Continuously monitors critical variables to identify functional anomalies at early stages, enabling proactive maintenance planning and reducing unplanned outages.
- DALIA (Detecting Anomalies in Lines Inspection Autonomously) SaaS solution using LiDAR data and aerial imagery (from drones and helicopters) to create digital twins of overhead power lines and automatically detect visual anomalies. Enables visualization, measurement, distance calculation, and AI-based anomaly detection for power line inspection, engineering, and maintenance planning.
- ZEPAS (Zero-Emission Portable Auxiliary Source) Zero-emission portable auxiliary power supply for electrical substations, eliminating the need for diesel generators. Provides a safe, reliable, and sustainable energy supply for substation auxiliary services.
- SERPAT (Ergonomic Grounding System) Ergonomic and portable system for the grounding process in electrical substations, enabling faster and safer grounding procedures for field technicians working on high-voltage infrastructure.
Quantifiable outcome
- Over 100,000 km of LiDAR and photogrammetric corridors processed by portfolio company Aerolaser
- +3 more outcomes
Companies that use Elewit
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Elewit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability9 records
Feature9 records
Elewit partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- TECNALIAcoreElewit and TECNALIA (Spain's largest applied research centre) have been collaborating since 2023 to research Quantum Key Distribution (QKD) technologies for cybersecurity protection of smart grids. They successfully tested a 50 km quantum communication link in an industrial environment between electrical substations. The collaboration leverages Reintel's dark fibre network.
- IBMcoreElewit and IBM co-promote the Advanced Asset Management Solution (SAGA), built on IBM's Maximo APM for Energy and Utilities. This is a strategic alliance between a leading energy TSO platform and a major IT company to address asset management challenges in the global energy sector.
- AmpacimoncoreElewit and Ampacimon co-develop and co-commercialise PDEye, a platform for automatic partial discharge interpretation using AI. Ampacimon is a world leader in power grid monitoring with the largest number of dynamic line rating systems worldwide, and complements its maintenance methodologies with PDEye.
- Aerolaser SystemcoreElewit co-develops and commercialises DALIA with Aerolaser System, a company specialising in LiDAR and photogrammetric geospatial solutions. Aerolaser is a portfolio company of Elewit's venture capital arm and provides the sensor technology and data processing platform for the DALIA SaaS solution.
- ArtechecoreElewit and Arteche formed Arin Technologies, a joint new venture focused on developing and commercialising solutions for the digitisation and management of electrical grid assets and substation automation. ZEPAS (zero-emission portable power supply) was also co-developed and co-commercialised with Arteche and Red Eléctrica.
- Elia (Belgian TSO)coreRed Eléctrica (via Elewit) and Elia, two leading TSOs, combined their expertise to evolve and commercialise the SAGA Advanced Asset Management Solution globally. Elia contributes Belgian TSO-specific asset management knowledge and international market credibility.
- HESStecminorHESStec participated in the ViSync hybrid energy storage project alongside Red Eléctrica and Elewit, along with Cen Solutions, S2 Grupo, and UL Solutions. The project aims to validate innovative hybrid energy storage operation over a three-year period in Lanzarote.
- EndeavorminorEndeavor is listed as part of Elewit's ecosystem of partners, providing entrepreneurship support and network access for high-impact startups.
- South SummitminorSouth Summit is listed as part of Elewit's ecosystem, connecting startups with corporations in the innovation ecosystem.
- Tecnalia Research & InnovationcoreTECNALIA (listed in Elewit's ecosystem) is Spain's largest private applied research centre, collaborating on quantum communication (QKD) testing for smart grid cybersecurity. Referenced as a key partner in the QKD research collaboration since 2023.
- Startup ValenciaminorStartup Valencia is listed as an ecosystem partner supporting Elewit's startup and innovation network in Spain.
- AccentureminorAccenture is listed as part of Elewit's ecosystem of companies and institutions, potentially providing consulting and implementation services.
- InnoenergyminorInnoenergy is listed as part of Elewit's ecosystem of universities, research centres, and innovation networks supporting sustainable energy innovation.
- Reintel (Redeia subsidiary)coreReintel, Redeia's subsidiary responsible for operating the fibre optic network, collaborates with Elewit on quantum communication projects by providing access to its dark fibre infrastructure for QKD testing between electrical substations.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Elewit competitors and assessment
Company assessmentDirect peers
- Hitachi Energy: Global leader in grid asset performance management, substation automation, and transmission solutions for utilities. Directly comparable to Elewit's SAGA, PDEye, ZEPAS, and SERPAT portfolios, with far larger scale and a broader product suite across HVDC, transformers, and grid software.
- Schneider Electric: Operates EcoStruxure, an enterprise asset management and grid automation platform serving utilities and industrial customers. Comparable to Elewit on grid digitalization, predictive maintenance, and substation monitoring, but with a global direct-sales channel and much wider product breadth.
- GE Vernova: Spun out of GE in 2024 to focus on power, wind, and electrification; offers GridOS for transmission operations and asset management. Competes head-to-head with Elewit for TSO predictive-maintenance and grid-software budgets, with deeper enterprise integration capabilities.
- Siemens Energy: Provides grid technology, substation automation, and asset-management software to TSOs and DSOs worldwide. Directly comparable to Elewit's SAGA-style predictive maintenance and PDEye-style asset monitoring, with the advantage of direct utility relationships across Europe, the Americas, and the Middle East.
- Bentley Systems: AssetWise EAM and iTwin platform serve infrastructure and grid operators with predictive maintenance and digital-twin capabilities. Closely comparable to Elewit's SAGA and DALIA offerings in digital twin and infrastructure-asset performance management.
- Ampacimon: Belgian company specializing in dynamic line rating and partial-discharge monitoring for transmission grids; co-develops and co-commercialises PDEye with Elewit. A direct peer in grid-asset monitoring with an established global TSO customer base.
- Arteche: Spanish-headquartered global supplier of substation equipment and automation; formed the Arin Technologies JV with Elewit and co-commercialises ZEPAS. Closely comparable on substation hardware and digitisation, with overlapping customer set among TSOs and DSOs.
Broad incumbents
- ABB: Major incumbent across power and automation, with a broad portfolio spanning substation automation, grid control, and industrial asset management. Competes with Elewit's portfolio at multiple levels but with a much larger installed base and direct enterprise sales force.
- IBM (Maximo): Provides the Maximo APM platform on which SAGA is built and is also a co-marketing partner. Functions simultaneously as Elewit's underlying technology provider and a broader incumbent in enterprise asset management software for utilities.
Emerging players
- AiDash: US-based AI-for-infrastructure company using satellite and aerial imagery for vegetation management and asset inspection at utilities. Emerging competitor to DALIA's LiDAR/digital-twin inspection thesis, with focus on distribution rather than transmission and a more commercialized North American footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Elewit social profiles
Digital presenceElewit compliance and trust
Trust signalCompliance1 record
Elewit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elewit leadership team
Management profileNumber of profiles
Profiles2 records
Elewit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elewit M&A and investment
M&A and investmentM&A
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elewit
What does Elewit do?
Elewit develops and commercializes AI-powered software platforms and hardware solutions for electrical transmission grid operators (TSOs) and energy utilities. Its core offerings include SAGA (asset performance management on IBM Maximo APM), PDEye (AI-based partial discharge detection), DALIA (LiDAR and computer vision power line inspection with digital twins), ZEPAS (zero-emission portable substation power supply), and SERPAT (ergonomic grounding system). It also operates a corporate venture capital portfolio and a New Ventures program to scale internal innovations.
Is Elewit a public or private company?
Elewit is a private company. It is classified as corporate owned and is currently operating.
When was Elewit founded?
Elewit was founded in 2019. It employs 11 to 50 people.
Where is Elewit based?
Elewit is headquartered in Madrid, Spain, in the Europe region.
How does Elewit make money?
Three revenue lines are on record. Corporate Venture Capital / Portfolio Companies are the primary driver. The others are new Ventures / Internal Startup Creation and innovation Services for Redeia Group.
Who are Elewit's main competitors?
Direct peers on record are Hitachi Energy, Schneider Electric, GE Vernova, Siemens Energy, Bentley Systems, Ampacimon and Arteche. Broad incumbents are ABB and IBM (Maximo). AiDash is listed as an emerging player.
Does Elewit have an API?
No public API is recorded for Elewit.
What industry is Elewit in?
Elewit's product category is Grid Asset Management Software. Its primary akta.pro industry code is EUADAPAA, Smart Grid Automation & Distribution Management (DA/ADMS), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22112 and its SIC code is 3823.