Elewit
Technology platform and corporate venture capital arm of Redeia (Red Eléctrica)
Also known as ELEWIT, S.A.U., Elewit Ventures
Redeia’s technology platform (Alcobendas, 2019). Its CVC holds stakes in 10 pre-seed to Series A grid, energy and telecom tech startups and anchors the Adara Ventures Energy Fund.
- HEADQUARTERS
- Alcobendas, Spain
- FOUNDED
- 2019
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 6 people
Focus
- STAGES
- Pre-SeedSeedSeries A
- SECTORS
- Climate & EnergySoftware & SaaSArtificial IntelligenceIndustrial & ManufacturingMobility & Logistics
- ASSET MIX
- Venture capital
- GEOGRAPHY
- Europe
Overview
Elewit is the technology subsidiary of Redeia, the group that owns Spain’s electricity transmission operator, created in 2019 to develop solutions for the electricity and telecommunications sectors. Its venture capital line invests in pre-seed, seed and Series A startups, holding 10 portfolio companies in 2025, and it is an LP in Adara Ventures, Cardumen Capital and, as anchor investor, the Adara Ventures Energy Fund. In 2025 it spent €10.6 million on innovation, including startup investment, and plans €40 million of innovation investment to 2029 under Redeia’s strategic plan. It also runs a new-ventures line that creates companies with industrial partners, such as Arin Technologies with Arteche.
Investment thesis
Pre-seed to Series A startups fitting its impact areas: power-grid infrastructure and asset management, power-system operation and renewables integration, connectivity, and enabling technologies such as IoT, robotics, AI and data, and IT/OT cybersecurity.
PORTFOLIO (12)
- Oktogrid (Okto Grid)Climate & Energy · since 2026
- AssetCoolIndustrial & Manufacturing · since 2025
- ZelerosMobility & Logistics
- CounterCraftSoftware & SaaS
- NearbyComputingSoftware & SaaS
- HESStecClimate & Energy
- Aerolaser SystemIndustrial & Manufacturing
- UnusualsArtificial Intelligence
- SplightArtificial Intelligence
- StellarMobility & Logistics
- Adara Ventures Energy Fund (fund, anchor investor)
- Cardumen Capital (fund)
People
- Elena de BenavidesDirector of Elewit and Chief Innovation & Technology Officer of Redeia · source
- Óscar GarcíaHead of Corporate Venturing & Ecosystem · source
- Alfonso Carranza de las HerasCVC Investment Manager · source
- Blanca SastreInvestment Associate · source
- Miguel LorenzoHead of Innovation Factory · source
- Gustavo López GómezNew Ventures Portfolio Partner · source
Links
Frequently asked questions
Elewit is a corporate venture arm based in Alcobendas, Spain, founded in 2019.
Yes. Elewit invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Elewit invests at Pre-Seed, Seed and Series A stages in Climate & Energy, Software & SaaS, Artificial Intelligence, Industrial & Manufacturing and Mobility & Logistics.
Key people at Elewit include Elena de Benavides (Director of Elewit and Chief Innovation & Technology Officer of Redeia), Óscar García (Head of Corporate Venturing & Ecosystem), Alfonso Carranza de las Heras (CVC Investment Manager) and Blanca Sastre (Investment Associate).
Elewit's investments include Oktogrid (Okto Grid), AssetCool, Zeleros, CounterCraft, NearbyComputing, HESStec, Aerolaser System and Unusuals, among others.
The most recent publicly reported investment by Elewit is Oktogrid (Okto Grid) (c.€4M round led by Elewit), announced in Jul 2026.
Elewit states that it accepts submissions through its official contact page.
No. Elewit invests its own capital and does not raise money from outside investors.