Elewit markets SAGA, a pioneering and unique market solution because, among other factors, it is based on the experience and knowledge generated over decades by the Red Eléctrica Group. It offers an advanced solution for asset management in the electricity sector that is based on several cutting-edge technologies that complement each other to manage and extract the potential of this knowledge.

• The satellite operator and Elewit, along with the startup Nexmachina, are leading a pilot project contributing to improving safety and sustainability in rural areas and primary activities in Sierra de Aralar by using IoT technology and satellite connectivity
• This project adds to another project deployed in July dedicated to improving efficiency and safety on a fishing boat in Hondarribia.
• The satellite ensures a universal deployment of connectivity in areas where there is no land coverage, including maritime environments.

Hispasat, the communication

• They have jointly developed a technological solution that enables them to digitally and automatically identify the type of vegetation growing in 'safety lanes' under high-voltage power lines throughout Spain.
• The designed solution makes use of machine learning potential to automatically and quickly identify a total of 37 vegetation species groups.

Red Eléctrica, Elewit -the Red Eléctrica

The Red Eléctrica Group and its technology subsidiary, Elewit, have joined the 'Spain: Entrepreneurial Nation Strategy', a set of 50 measures promoted by the Presidency of the Spanish Government with a 2030 horizon to modernise the production base of the Spanish economy and promote job creation through innovative entrepreneurship.

How did you get started?

FlexiDAO was founded in November 2017 as a result of a 1-year research project at UPC University by my colleague Grzegorz Bytniewsky (CTO) and I. Shortly after, Joan Collell (co-founder and COO) joined our team.

Cellnex Telecom, Lenovo and Elewit (a technology subsidiary of the Red Eléctrica Group) have led the investment round in the Barcelona-based Nearby Computing, start-up, an initiative of the Barcelona Supercomputing Center-Centro Nacional de Supercomputación (BSC-CNS) and the Polytechnic University of Catalonia (UPC), with an investment of approximately €2 million.

• The two companies have signed an agreement to market SAGA, an Elewit software that will enable electricity transmission and distribution companies to manage the maintenance and renewal of their network assets more efficiently.
• SAGA is a unique solution in the market because it combines the electricity infrastructure management experience and knowledge of the Red Eléctrica Group, Elewit's parent company, and IBM’s potential and leadership in artificial intelligence and advanced data analysis, using IBM Maximo APM for Energy and Utilities.
• In an increasingly demandi

Zeleros Hyperloop has completed a financing round worth more than €7 million. The company starts a new and important phase in the development of its unique version of hyperloop, the “fifth mode of transport”, the best alternative for the future to connect efficiently and sustainably long-distance routes for passenger and cargo transportation. Connections like Paris – Berlin could be reduced to less than an hour.

The Positive Energy+ platform estimates an initial investment of 4.19 million euros for the final 12 start-ups selected from the urgent call launched on 7 April. The initiative, which received 396 proposals in just thirteen days, closed successfully on 19 April and during the virtual Positive Energy+ Demo Day some of the finalists were announced.

CounterCraft, a European cybersecurity software company, today announced it has secured $5 million in additional funding. The financing round was led by Adara Ventures, joined by new investors eCAPITAL and Elewit, with participation from existing investors including Evolution Equity Partners, ORZA, and Wayra (Telefonica’s Open Innovation Hub).