# Finnish Deeptech Vensum Power Raises EUR 9M Series A to Take Near-Lossless Power Conversion Into EV Chargers and AI Data Centres
> Finnish deeptech Vensum Power raises EUR 9M Series A led by Lifeline Ventures, L&T and Eviny to cut power conversion losses in EV charging and AI data centres.
- **Author:** Prashant Jagtap
- **Published:** 2026-11-07
- **Updated:** 2026-11-07
- **Category:** Funding
- **Editorial type:** news
- **Topics:** series-a, lifeline-ventures, larsen-toubro, eviny-ventures, finnish-startups
- **Canonical URL:** https://www.todaysstartupnews.com/funding/vensum-power-raises-9m-series-a-software-defined-power-conversion-data-centres
## Key takeaways
- Vensum Power has raised a EUR 9 million Series A round co-led by Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures, bringing total funding to EUR 15.2 million
- Its software-defined power conversion platform is set for mass production in 2027 for EV charging, energy storage and DC microgrids
- The company plans to bring the technology next to AI data centres, where access to power has become a main bottleneck
- Founded in 2018, Vensum employs around 20 people, and both new lead investors are the venture arms of large industrial groups
Vensum Power, a Finnish deeptech company that develops software-defined power conversion technology, has raised a EUR 9 million Series A round. Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures co-led the round, which was announced on November 6, 2026. The new funding brings the company's total raised to date to EUR 15.2 million.

The money will support Vensum's move from technology development to industrial-scale production. Its software-defined power conversion platform is scheduled to enter mass production at manufacturing partners in 2027, initially for EV charging, energy storage and DC microgrids. After that, the company plans to bring the technology to AI data centres, where power availability and conversion efficiency are becoming major constraints.

Power conversion is the step that changes electricity into a form that equipment can use. Every conversion loses some energy, and as electricity demand rises, those losses carry a growing cost. Vensum describes its approach as near-lossless conversion that helps turn constrained electricity into more usable power. Because the converters are controlled by software, the company says they operate consistently at very high efficiency even when loads change quickly, which is a typical pattern in AI computing as workloads rise and fall.

Peter Nisula, chief executive of Vensum Power, said the round takes the company from developing technology to delivering it at industrial scale, and that the same solution can now be brought to AI data centres, where access to power has become the main bottleneck. He added that the question in data centres is no longer only how powerful the chips are, but how efficiently the electricity actually reaches them.

In a 2024 interview with Aalto University, Nisula estimated that Vensum's technology would lose 3 to 5 percent of power in conversion, compared with 7 to 10 percent for conventional converters. Vensum Power has not published measured efficiency curves in the announcement.

Both new lead investors are the venture arms of large industrial groups. Larsen & Toubro is an Indian engineering and technology conglomerate, and Eviny is a Norwegian renewable energy and energy infrastructure company. Their participation reflects a growing need to get more out of limited power capacity as electricity demand increases.

Prashant Chiranjive Jain, Managing Director of L&T Vyoma and Head of L&T Electronic Products and Systems, both business verticals of Larsen & Toubro, said data centres are competing with every other sector for the same grid capacity. According to him, Vensum tackles one of the most overlooked inefficiencies in the system, which is converting power into a form equipment can use optimally. He said the global energy transition and the growth of digital infrastructure both depend on getting this right at scale.

Andreas Engelsen, chief executive of Eviny Ventures, said that Eviny sees every day, through its own operations, how much value is lost when power is converted on its way to where it is needed. He said Vensum cuts those losses in areas the company knows well, such as EV charging, energy production and energy storage, and that Eviny can support the team with more than a century of experience in renewable energy.

Vensum Power was founded in 2018 and currently employs around 20 people.