Strategic Investment Fuels Global Expansion of Energy AI and Battery AI Technologies at enjoyelec

enjoyelec, a prominent innovator in new power system energy digital AI, has recently secured Series A+ financing. This funding round, spearheaded by Volvo Cars Tech Fund and bolstered by investments from bp Ventures and Alliance Ventures, underscores enjoyelec’s steadfast leadership in energy digital artificial intelligence technology. It will also facilitate the worldwide expansion of key offerings, including virtual power plants, distributed energy management systems, energy storage cloud solutions, and battery AI detection.
enjoyelec is poised to accelerate its global footprint in the energy sector. Based in Shanghai, enjoyelec is an innovative leader in energy digitization, driven by cutting-edge battery AI and energy AI technologies. With a repertoire of hundreds of AI algorithms spanning power trading, energy scheduling, and battery charging and discharging, enjoyelec offers digital solutions and energy storage asset value optimization services.
The company is at the forefront of the energy market, particularly in clean energy domains. In the realm of new energy, enjoyelec offers an array of technical products and solutions, including Virtual Power Plants (VPPs), Distributed Energy Management Systems (DERMS), Battery AI Platforms (BAPs), and Energy AI Platforms (EAPs). Leveraging advanced technologies like digital twin and artificial intelligence, these solutions find applications across diverse scenarios, including scenic environments, energy storage, micro-grids, charging infrastructure, electric vehicles, and battery testing.
Looking ahead, enjoyelec is poised to collaborate closely with its strategic investors, delving into multi-faceted partnerships within the realm of energy digitization. The company remains steadfast in its commitment to pioneering research and development initiatives, alongside market projects focused on electric mobility, clean energy, virtual power plants, and electricity markets. This commitment aligns with the broader mission of contributing to the realization of the dual-carbon goals.

Alexander Petrofski, CEO of Volvo Cars Tech Fund, expressed:
“The Volvo Cars Tech Fund plays a pivotal role in our collaboration with future technology pioneers. Through this investment, we aspire to expedite our complete electrification journey, bolster our digital competencies, and drive forward the implementation of energy-related innovations. This involves delving into enjoyelec’s innovative energy management technology.”

Yuan Xiaolin, Global Senior Vice President of Volvo Car Group, President and CEO of Volvo Car Asia Pacific, said:
The Asia-Pacific region, centered around China, has consistently been a pivotal area for Volvo Cars to expedite technological innovation, undertake digital transformation, and facilitate sustainable progress. It is indeed promising to witness the fruitful outcomes of the Volvo Car Technology Fund in the Chinese market. With the inception of the initial strategic investment in China, Volvo Cars remains committed to propelling technological advancement in the Chinese and global markets alike. The ultimate goal is to attain technological leadership in the forthcoming era of travel, characterized by consumer-driven demand.

Zhu Zhuomin, founder and CEO of EnjoyElec, said: In the realm of energy digitalization, enjoyelec has set its sights on the global market. We are deeply committed to advancing digital energy solutions and have proactively deployed technologies such as virtual power plant technology, micro-grid control technology, battery AI, energy AI technology, and cutting-edge optical storage charging and V2G technology. Our extensive experience in project implementation spans both domestic and international landscapes. As the global energy landscape undergoes transformation and new power systems take shape, the digital evolution of energy is poised for significant growth.

As an innovative technology company, enjoyelec is poised to boost investments in technology research and development. We are determined to accelerate our global market presence, harness the power of AI to empower the construction of new power systems, and drive the advancement of energy digitalization. We eagerly anticipate exploring additional opportunities for strategic investment collaboration with all stakeholders. Together, we aim to facilitate the sustainable development of clean energy and work tirelessly towards achieving the goal of a low-carbon future.