Egija Gailuma Pioneers ENGYcell with Support from Change Ventures

In this article, the emergence of ENGYcell, a new venture focusing on commercial and industrial battery solutions, is explored. Founded by Egija Gailuma and her former Ox Drive co-founders, Kristians Karlsons and Kristaps Vasiljevs, ENGYcell aims to capitalize on the growing need for battery energy storage systems across Europe, particularly in the Baltic and Central and Eastern European markets. Change Ventures, a private equity firm, is backing this innovative enterprise. Following their success with Ox Drive, a Tesla-focused car-sharing startup that eventually merged with CarGuru, the team is channeling their entrepreneurial spirit into developing software and solutions that repurpose Tesla batteries for energy cost optimization and participation in energy trading. Joined by Jevgenijs Zaremba, the founders bring a blend of prior experience and strategic vision to address this potentially lucrative market. The article emphasizes ENGYcell's opportunity to transform how industries manage energy costs through smart software solutions, amidst a commoditized hardware landscape.