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Hive Power
Techstars '22Manno, CH · Founded 2017 · 21 employees on LinkedIn · 5 known investors
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HivePower develops smart grid management software and algorithms for decentralized energy systems, serving energy suppliers and distribution grid operators. The platform enables management of flexible assets like electric vehicles and energy communities through data science and optimization techniques.
Also known as Hive Power SA · HivePower
Investors · 5
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Company profile
researched Sep 2026Hive Power SA is a Swiss company headquartered at Via Cantonale 18 in Manno, Ticino, that develops software for smart grids and decentralised energy management. Its core product, FLEXO, is a virtual power plant and flexibility optimisation platform that aggregates distributed electric assets — electric vehicles, stationary batteries, solar inverters, heat pumps, water heaters, HVAC systems and smart appliances — so their owners can access energy markets, provide grid ancillary services, optimise self-consumption and participate in energy communities. Functional modules cover virtual power plant aggregation, smart charging for V1G, V2G and V2X, battery monetisation, energy community management under multiple regulatory frameworks, and local optimisation of household-level generation and storage.
The company describes itself as a team of researchers and scientists with expertise in smart grids, data science and optimisation, drawing on experience in research and pilot projects on decentralised energy management. Its stated mission centres on a "4D" energy future — decarbonisation, digitalisation, decentralisation and democratisation — in which distribution grids and energy suppliers manage flexible assets through smart algorithms and new business models. Alongside commercial deployments, Hive Power participates in research projects including AccesS (accessible smart buildings and e-mobility), InterPED and HARMONISE (both focused on Positive Energy Districts).
Hive Power addresses a broad set of buyer segments: EV OEMs, EV fleet managers and leasing/rental operators, public transport and logistics fleets, charge point operators, stationary battery and solar inverter owners, energy retailers and service companies, utilities, BESS owners and OEMs, and commercial, industrial, real estate and data centre customers. A legacy customer platform at platform.hivepower.tech has been retired and replaced by a newer version.
Founding story
Hive Power was founded in Switzerland by Gianluca Corbellini and Davide Rivola. Corbellini, CEO, holds a master's in Mathematical Engineering from Politecnico di Milano and has worked with organisations including E.ON, Altran, Techstars and the European Commission in smart cities and energy. Rivola, CTO, holds a master's from EPFL and specialises in industrial automation, embedded computing and smart grids.
Business model
Hive Power sells FLEXO as a software-as-a-service platform to companies that own or manage grid-connected assets, positioning it as hardware-agnostic with a continually expanded catalogue of integrations for devices, IoT platforms and protocols. Value to customers is framed in terms of new revenue streams and cost reduction: monetising batteries and EVs through market access and ancillary services, stacking self-consumption, wholesale arbitrage and grid-balancing revenues on a single BESS asset, and lowering the total cost of EV ownership through optimised charging.
Software platform (FLEXO) licensed to business customers such as EV OEMs, fleet operators, charge point operators, utilities, energy retailers and battery asset owners; the company also participates in publicly supported research and pilot programmes.
Traction
Projects are running in Switzerland, Italy, Belgium, Austria, Spain and Portugal. With Axpo and Clyde Mobility (AMAG Group), FLEXO aggregates the capacity of over 1,000 EVs in Switzerland to provide grid support services to the national transmission operator. Named customers and partners include Free2Move eSolutions (Stellantis), Haier Europe, Sorgenia, Plenitude, Kwick, AIL, AEM and AMB; case studies cover the Lugaggia Innovation Community energy community with AEM, the Rittana energy community in the Italian Alps, and an IVECO bus smart-charging simulation reporting 20-50% savings.
Latest developments
Following the December 2024 seed round, the company won the 2025 Stellantis Venture Awards TECH category in June 2025, with Stellantis using FLEXO to aggregate EVs for virtual power plant and V2X applications, was named among the Top 10 clean mobility startups in the 2025 European Startup Prize for mobility with a three-month acceleration programme with Via ID, and received the Watt d'Or 2025 Special Jury Prize for a grid dynamic tariffs project with AEM and AMB. Recent content and event programming focus on battery energy storage system revenue stacking, data centre flexibility and European market-by-market battery revenues.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Hive Power presents itself as a provider of smart grid and flexibility software serving both grid operators and asset owners. External recognition cited includes the Watt d'Or Special Jury Prize from the Swiss Federal Office of Energy (2025 and 2023), the Power2Drive Award at The smarter E Europe 2023, inclusion in Sifted/Financial Times' European smart grids startups to watch for 2024, the 2025 Stellantis Venture Awards in the TECH category, selection among the Top 10 clean mobility startups in the 2025 European Startup Prize for mobility, selection for the Swiss National Team, a StartUs Insights Rising Star award for demand planning, and a Venture Kick win.
The company positions FLEXO beyond basic smart charging by adding grid ancillary services and value stacking across self-consumption, wholesale arbitrage and balancing markets from a single asset, and by covering the full virtual power plant value chain from asset monitoring to trading via FLEXO and partner integrations. The platform is hardware-agnostic and supports energy community management under multiple national regulatory frameworks.
Technology
FLEXO applies AI, data science and multi-objective optimisation to schedule charging and discharging of distributed assets, including V1G, V2G and V2X modes. Described capabilities include PV production and flexibility forecasting, day-ahead price-aware and renewable-aligned ("solar charging") scheduling, aggregation of asset fleets for ancillary services to transmission operators, and support for energy community allocation rules across different regulatory frameworks. The platform is hardware-agnostic with integrations for charging and IoT protocols such as OCPP 2.0.1, and the team includes cloud, data, optimisation and blockchain engineers alongside research scientists.
Go-to-market
Sales are direct to enterprise and utility customers and through partnerships with energy and mobility players including Axpo, AMAG Group's Clyde Mobility, Sorgenia, Free2Move eSolutions, Haier Europe, Plenitude, Kwick, AIL and AEM. The company also builds visibility through research consortia, industry awards, a blog and white papers, trade events such as The smarter E Europe/Intersolar/Power2Drive, Nordic EV Summit and Solar Solutions, and its own "Clean Energy Club" online and in-person gatherings in European cities.
EV manufacturers and fleet operators (company fleets, logistics, leasing, car subscription, public transport, buses and trucks), charge point operators across public, home, office and depot charging, owners and OEMs of stationary batteries and solar inverters, energy retailers, energy service companies, utilities, distribution grid operators, energy communities, and commercial, industrial, real-estate and data-centre sites.
Geography
Headquartered in Manno, Ticino, Switzerland, with operating projects in Switzerland, Italy, Belgium, Austria, Spain and Portugal, and community events held in major European cities.
History
Operating from Manno since 2017 under the entity Hive Power SA, the company grew out of research and pilot work on decentralised energy management, building energy-community deployments with Swiss and Italian utilities such as AEM, AIL, Kwick, Plenitude and Rittana, and later expanding into EV smart charging and V2X with partners including Free2Move eSolutions, Haier Europe, Axpo and Clyde Mobility. It raised a €3.5 million seed round announced in December 2024 to support European expansion of FLEXO, and its original customer platform has since been decommissioned in favour of a newer version.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 5
Companies working in the same space as Hive Power.
Timeline · 12
launches, deals, and filingsThe platform.hivepower.tech service was retired and replaced by a new version, with users directed to contact the company for new access credentials.
Hive Power won the 2025 Stellantis Venture Awards in the TECH category; Stellantis uses the FLEXO optimisation platform to aggregate EVs for virtual power plant and V2X applications.
A simulation study conducted by Hive Power with IVECO buses reported savings of 20 to 50% by optimising recharging flexibility with FLEXO algorithms.
Named one of the Top 10 clean mobility startups of 2025, with a three-month acceleration programme with Via ID and participation in events including IAA MOBILITY.
The Swiss Federal Office of Energy awarded the Special Jury Prize to Hive Power's grid dynamic tariffs project developed with Azienda Elettrica di Massagno (AEM) and Azienda Multiservizi Bellinzona (AMB).
Hive Power announced a €3.5 million seed round with venture capital investors Axpo and Creadd Ventures, plus the Swiss Technology Fund, which provides loan guarantees to climate startups. Proceeds are earmarked for European expansion and scaling of the FLEXO EV charging optimisation software.
Hive Power teamed up with Axpo and Clyde Mobility, a Swiss car subscription service part of AMAG Group, using FLEXO to aggregate the capacity of over 1,000 EVs to provide grid support services to the Swiss transmission operator.
Kwick, a Swiss electricity supply service company, chose Hive Power to provide optimised energy management for energy communities.
Hive Power partnered with Haier Europe on managing and consuming energy within energy communities.
Plenitude uses Hive Power software to manage self-consumption and energy communities, including compensation and benefit distribution among community members.
Sifted, a Financial Times publication, featured Hive Power among promising startups to watch in 2024 in its European smart grids market map.
Hive Power received the Power2Drive Award at The smarter E Europe 2023 conference.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Hive Powerhivepower.tech · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hive Power do?
- Swiss software company whose FLEXO platform aggregates EVs, batteries and other grid-connected assets into virtual power plants.
- Who are Hive Power's investors?
- Hive Power's investors include Techstars, TiVenture SA.
- Where is Hive Power headquartered?
- Hive Power is headquartered in Manno, CH.