Tech.eu writes that SMEs usually buy energy at a fixed rate, since they don't have an expert ready to negotiate fares, which can be up to 20% more expensive than structured procurements. trawa offers SMEs the possibility to better negotiate their energy contracts using AI-powered tools.

trawa's software solution also allows SMEs to optimize energy usage, as well, only consuming more power when renewable power sources are available or when the fares are lower. These solutions combined can allow companies reduce power usage by as much as 30%.

"This financing will enable trawa to further build out our ecosystem platform to supply businesses with a solution that automatically manages and optimises their energy costs, consumption and emissions", said trawa co-founder and CEO David Budde.

The company's partners include some of Germany's largest suppliers and small energy providers, which operate wind and solar farms, meaning that the energy source is fully and easily traceable.