Elewit

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

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

• Grid asset management
• Predictive maintenance software
• Power line inspection
• Energy transition technology
• Transmission grid monitoring

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability9 records

Feature9 records

Partnerships

14 partnerships are on record, tiered core and minor.

• TECNALIAcoreStrategic or Co-development Partner · 1 January 2023Elewit 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.
• IBMcoreTechnology or IntegrationElewit 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.
• AmpacimoncoreStrategic or Co-development PartnerElewit 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 SystemcoreStrategic or Co-development PartnerElewit 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.
• ArtechecoreStrategic or Co-development PartnerElewit 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)coreStrategic or Co-development PartnerRed 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.
• HESStecminorStrategic or Co-development PartnerHESStec 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.
• EndeavorminorGTM or Marketing PartnerEndeavor is listed as part of Elewit's ecosystem of partners, providing entrepreneurship support and network access for high-impact startups.
• South SummitminorGTM or Marketing PartnerSouth Summit is listed as part of Elewit's ecosystem, connecting startups with corporations in the innovation ecosystem.
• Tecnalia Research & InnovationcoreTechnology or IntegrationTECNALIA (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 ValenciaminorGTM or Marketing PartnerStartup Valencia is listed as an ecosystem partner supporting Elewit's startup and innovation network in Spain.
• AccentureminorImplementation/ SI/ Consulting PartnerAccenture is listed as part of Elewit's ecosystem of companies and institutions, potentially providing consulting and implementation services.
• InnoenergyminorGTM or Marketing PartnerInnoenergy is listed as part of Elewit's ecosystem of universities, research centres, and innovation networks supporting sustainable energy innovation.
• Reintel (Redeia subsidiary)coreStrategic or Co-development PartnerReintel, 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

Direct 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

• Xx.com/elewitventures
• YouTubeyoutube.com/channel/UCWNpYRnEzavlo07vOTncqHQ
• LinkedInlinkedin.com/company/elewit

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments9 records

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

Frequently asked questions about Elewit