Vensum Power raises €9M to cut power losses in AI data centres, EV charging and energy storage

Finnish deeptech company Vensum Power has raised €9 million in a Series A funding round co-led by Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures. The investment will support the mass production of its power conversion technology and its expansion into AI data centres. The new funding brings Vensum Power's total capital raised to €15.2 million. Vensum Power develops a software-defined power conversion platform designed to improve energy efficiency by reducing electricity losses during power conversion. Its technology is intended for applications including electric vehicle (EV) charging, energy storage systems and DC microgrids. As electricity demand continues to grow, reducing energy losses during power conversion is becoming increasingly important. Vensum Power aims to address this challenge through its software-defined approach, which enables its converters to maintain high efficiency even when electrical loads change rapidly, helping make more effective use of available