Renewable energy-focused local startup Kavaken received an investment of 1.1 million dollars

Kavaken, a local startup that facilitates the operation, financing and insurance processes of renewable energy investments with its data-based technology, received a seed investment of 1.1 million dollars. Kavaken’s investment tour Vestel Ventures, Rockstart, Norrsken Accelerator, Founderone ve 2040VCas well as existing investors Boğaziçi Ventures ve Re-pie with Yetik Kadri Mert, Olcayto Yigit ve Samuel Jaudel attended.

Kavaken facilitates the operation, financing and insurance processes of renewable energy investments with its software as a service (SaaS) data-based technology; A technology company that, contrary to accepted norms in the renewable energy industry, incorporates asset-specific operational data into these processes and thus aims to provide global benefits to renewable energy sector stakeholders.

Kavaken, which was established as a “spin-off” from Tarentum, which produces artificial intelligence projects, moved its headquarters to England and continues its activities for its Turkish and foreign customer portfolio from Newcastle and Istanbul, continues to expand its operations and contribute to the global energy transformation with the support of this investment. is preparing to present.

The resources obtained from the seed investment will primarily be used to support Kavaken’s expansion in the UK and European markets and product development efforts to further improve the value propositions offered to customers.

Regarding this investment received by Kavaken, Bora Tokyay, the co-founder and CEO of the company, said, “The financing we obtained underlines the confidence of investors in the leading role that our technology, which offers asset-specific analyzes for renewable energy investments in a scalable way, will assume in the transformation of the sector. This important support from investors will contribute to the development of our product and our growth in the UK and Europe.” said.