Enercom
Enercom AG is a Liechtenstein holding company consolidating API Mobile SIA (international wholesale voice and SMS telecom services in Latvia) and Rapsoil SIA (Baltic wind energy development), funded via an Ethereum-based Security Token Offering approved by FMA Liechtenstein in 2019.
- Company typePrivate
- Founded2019
- HeadquartersVaduz, Liechtenstein
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Enercom does
Enercom AG is a Liechtenstein-incorporated holding company (Aktiengesellschaft) that operates two wholly-owned subsidiaries: API Mobile SIA, a Latvia-based telecommunications business engaged in international wholesale voice and SMS transit and termination since 2016, and Rapsoil SIA, a renewable energy developer founded in 2009 holding development rights for a 15-turbine wind farm near Liepāja, Latvia on the Baltic Sea shoreline. API Mobile interconnects with Tier1 carriers (British Telecom, Telecom Italia Sparkle) and Tier2 operators globally, routing international voice and SMS traffic through its Digitalk-based platform using standard telecom protocols (H323, SIP, SS7) with intelligent routing based on price and quality metrics. The subsidiary reached 60M+ EUR in revenue in 2018 and ranks among Latvia's Top 500 companies and Top 10 service exporters.
In November 2019, Enercom AG conducted a Security Token Offering (STO) under EU Prospectus Regulation (EU) 2017/1129, approved by FMA Liechtenstein — the first such prospectus approved in Liechtenstein under the new regulation. The offering tokenized 200,000 new shares on the Ethereum blockchain using ERC-20 standard, with smart contracts handling KYC whitelisting, token issuance, and planned dividend distribution (up to 1 million EUR targeted for Q2 2020). Banking infrastructure was provided by Bank Frick with BDO Liechtenstein handling KYC compliance and SCHEIBER Rechtsanwälte providing legal counsel. The offering was structured to raise 20 million EUR for telecom expansion and renewable energy project development, with planned energy off-take via Nord Pool AS. Geographic restrictions exclude investors from the USA, Australia, Japan, and Canada. The company has faced post-STO challenges, including an FMA notice in November 2022 regarding third-party misleading promotional materials on social media.
Enercom's business model combines transaction-fee revenue from wholesale telecom traffic (margin between purchase and sale of voice/SMS capacity) with planned future revenue from renewable energy sales to the Nordic electricity market. The company is led by Founder and CEO Kaspars Zvaigzne, with operational headquarters at Herrengasse 30, Vaduz, Liechtenstein and telecommunications operations centered in Riga, Latvia.
Enercom firmographics
Firmographics- Name
- Enercom
- Legal name
- Enercom AG
- Website
- https://enercom.ag
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Enercom AG is a Liechtenstein holding company consolidating API Mobile SIA (international wholesale voice and SMS telecom services in Latvia) and Rapsoil SIA (Baltic wind energy development), funded via an Ethereum-based Security Token Offering approved by FMA Liechtenstein in 2019.
- Ownership category
- akta.pro rank
Enercom industry classification
Industry- Product category
- Telecommunications Services
- NAICS
- Telecommunications Resellers (517121), Agents for Wireless Telecommunications Services (517122), Management of Companies and Enterprises (55)
- SIC
- Services-Telephone Interconnect Systems (7385)
- akta.pro primary industry
- Signaling, Numbering & Registry Services (SS7/Diameter, ENUM, numbering resources) (HDAIAEAF)
- akta.pro secondary industry
- Cross-Border EAC Trading & Compliance (Multi-registry, Multi-jurisdiction) (EUAGAFAJ)
Keywords
Where Enercom is headquartered
LocationHeadquarters
- HQ city
- Vaduz
- HQ country
- Liechtenstein
- HQ region
- Europe
Offices4 records
Markets served
Enercom business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Telecommunications Services: International transfer and termination of voice calls and SMS traffic. Revenue generated from margin between wholesale purchase and sale of voice/SMS capacity to telecom operators worldwide. In business since 2016 with 60M+ revenue in 2018.
- Renewable Energy Sales: Development and operation of wind and solar energy projects. Energy produced will be sold to the grid through Nord Pool or directly to power purchasers. Planned future revenue stream once energy projects are commissioned.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | STO Investment - Enercom Token representing 200,000 new shares |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Enercom product offering
Product offeringCore offering
Enercom AG operates as a Liechtenstein holding company with two operating subsidiaries: API Mobile SIA, which provides international wholesale voice and SMS transit and termination services to telecom operators globally via Tier1/Tier2 interconnections, and Rapsoil SIA, which develops renewable energy wind farm projects near Liepāja, Latvia. The company also tokenized its equity through a Security Token Offering on the Ethereum blockchain, enabling investors to participate in both business segments.
Product overview
Enercom AG operates as a holding company incorporated in Liechtenstein with two main business segments: (1) Api Mobile SIA, a telecommunications company providing international voice and SMS transit and termination services with Tier1/Tier2 interconnections, and (2) Rapsoil SIA, developing renewable energy projects including a 15-turbine wind farm near Liepāja, Latvia. The company also issued the Enercom Token via an STO (Security Token Offering) on the Ethereum blockchain, tokenizing 200,000 new shares to raise capital for business development.
Differentiator
Problem solved
Functional benefit
Brands
- API Mobile: Telecommunications business providing international wholesale of voice and SMS transfer services.
- Rapsoil
Products and services
- API Mobile SIA - International Wholesale Voice and SMS Services Telecommunications service engaged in international wholesale of voice and SMS transfer and termination. Connects with Tier1 and Tier2 telecom companies globally via interconnections to provide voice transit and SMS delivery services to corporate telecom customers. Includes intelligent call routing, quality assurance (PDD, ASR, ALOC monitoring), and credit risk insurance for counterparties.
- Rapsoil SIA - Renewable Energy Wind Farm Project Renewable energy project company developing wind farm projects in the Baltic region. Holds certificates to realize a wind farm of 15 turbines near Liepāja, Latvia, on the Baltic Sea shoreline. Electricity produced is planned to be sold to the Nordic electricity market via Nord Pool AS or directly to power purchasers.
- Enercom Token (Security Token Offering)
Quantifiable outcome
- 60M+ EUR revenue achieved in 2018 by Api Mobile since 2016
- +2 more outcomes
Companies that use Enercom
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Enercom technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Enercom partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, major and minor.
- SCHEIBER RechtsanwältecoreLegal advisors who provided legal advice on the preparation of the token prospectus and legal opinion required by FMA Liechtenstein. Guided Enercom through structuring the prospectus according to new EU Prospectus Regulation guidelines.
- BDO LiechtensteincoreCompliance partner appointed for KYC (Know Your Customer) processes. Conducts compliance checks using industry-standard tools to verify investors are not politically exposed persons or related to fraud cases.
- Nord Pool ASmajorNord Europe's largest electricity market operator. Planned power purchaser for Rapsoil wind farm electricity production. Operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Germany, and UK with over 80% of Nordic electricity traded through Nord Pool.
- MarshminorInsurance broker providing credit risk insurance for telecom carriers through Coface or Euler Hermes. Helps insure Api Mobile's customers and suppliers.
- QuickcomminorTelecom partner for voice and SMS services
- TelesignminorTelecom partner for SMS delivery services
- InfobipminorA2P SMS services partner
- Telecom Italia SparkleminorTier1 carrier partner for international voice termination
- British TelecomminorTier1 carrier partner for voice interconnection
- BeepsendminorSMS transit partner
- Speedflow CommunicationsminorVoice traffic partner
- Text2reachminorSMS services partner
- Monty mobileminorA2P SMS partner
- HorisenminorTelecom services partner
- NRS GatewaysminorSMS gateway partner
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
Enercom competitors and assessment
Company assessmentDirect peers
- iBasis: Global wholesale voice carrier and LTE signaling hub. Directly comparable to API Mobile's international voice/SMS transit and Tier1/Tier2 interconnection business, serving similar carrier-to-carrier routes worldwide.
- European Energy: Denmark-based developer and operator of wind and solar parks across Europe, with active Baltic/Nordic development. Functionally comparable to Rapsoil as a development-stage renewables project company targeting European energy markets.
- Monty Mobile: A2P SMS aggregator and wholesale messaging provider serving Tier1/Tier2 carriers. Closely comparable to API Mobile's A2P SMS routing and enterprise messaging termination capabilities.
- OX2: Sweden-headquartered renewable-energy developer specializing in onshore and offshore wind farms across the Nordics and Baltics. Directly comparable to Rapsoil's planned 15-turbine Baltic Sea shoreline wind project near Liepāja.
- Syniverse: Provider of carrier interconnection, voice and messaging hubbing, and signaling services to global mobile operators. Functionally parallel to API Mobile's SS7/SIP voice and SMS transit platform serving carriers worldwide.
- IDT Corporation: Through its IDT Global Services division, IDT operates wholesale international voice termination and SMS. Comparable to API Mobile's core model of buying and reselling telecom minutes with carrier-grade interconnections.
Broad incumbents
- BICS: Proximus-owned wholesale voice, data, and IoT connectivity carrier operating one of the world's largest global telecom networks. Directly overlaps API Mobile's wholesale carrier services, but at materially greater scale and a broader portfolio beyond voice.
- Infobip: Major CPaaS and A2P SMS provider offering messaging and customer-engagement APIs to enterprise customers. Overlaps API Mobile's SMS delivery business but operates a far broader omnichannel communications platform across multiple geographies.
- Bandwidth (formerly Voxbone): Cloud-based communications platform providing voice, messaging, and interconnection services for carriers and enterprises. Comparable to API Mobile's wholesale voice/SMS termination model but with a much larger SaaS-driven product portfolio.
Regional players
- Eesti Energia: Estonian state-owned integrated energy company generating renewable (wind, biomass, solar) and conventional power in the Baltic region. Regional peer for Rapsoil's Baltic wind farm development ambition via Nord Pool.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Enercom social profiles
Digital presenceEnercom compliance and trust
Trust signalCompliance1 record
Enercom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enercom leadership team
Management profileNumber of profiles
Profiles1 record
Enercom subsidiaries and ownership
Company hierarchySubsidiaries2 records
Enercom funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enercom M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enercom
What does Enercom do?
Enercom AG operates as a Liechtenstein holding company with two operating subsidiaries: API Mobile SIA, which provides international wholesale voice and SMS transit and termination services to telecom operators globally via Tier1/Tier2 interconnections, and Rapsoil SIA, which develops renewable energy wind farm projects near Liepāja, Latvia. The company also tokenized its equity through a Security Token Offering on the Ethereum blockchain, enabling investors to participate in both business segments.
Is Enercom a public or private company?
Enercom is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Enercom founded?
Enercom was founded in 2019. It employs 11 to 50 people.
Where is Enercom based?
Enercom is headquartered in Vaduz, Liechtenstein, in the Europe region.
How does Enercom make money?
Two revenue lines are on record. Telecommunications Services are the primary driver. The others are renewable Energy Sales.
Who are Enercom's main competitors?
Direct peers on record are iBasis, European Energy, Monty Mobile, OX2, Syniverse and IDT Corporation. Broad incumbents are BICS, Infobip and Bandwidth (formerly Voxbone). Eesti Energia is listed as a regional player.
Does Enercom have an API?
No public API is recorded for Enercom.
What industry is Enercom in?
Enercom's product category is Telecommunications Services. Its primary akta.pro industry code is HDAIAEAF, Signaling, Numbering & Registry Services (SS7/Diameter, ENUM, numbering resources), with a secondary code of EUAGAFAJ, Cross-Border EAC Trading & Compliance (Multi-registry, Multi-jurisdiction). Its NAICS code is 517121 and its SIC code is 7385.