A strategic movement
Its competitive prices, together with its commitment to the Internet of Things (IOT), very consistent with Kwiil's philosophy in Spain, are its main tools to grow in the Spanish market.
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In a strategic move with the aim of strongly entering the Spanish energy market, the Portuguese electricity supply company, Simple Energy, has acquired the majority of the stakes in the staSpanish rtup Kwiil, taking control of the company to promote the intelligent use of technology among Spaniards.
With only two years of life, Simple Energy is the Portuguese electricity company that has grown the most, already ranking among the seven main companies in the country and now projecting part of its Capabilities in Spain. Its competitive prices, along with its commitment to the Internet of Things (IOT), are very consistent with the philosophy of Kwiil in Spain, are your main tools to grow in the Spanish market.
With only two years of existence, Energia Simples is the Portuguese electricity company that has grown the most, already ranking among the seven main companies in the country
During the last six months, Kwiil has had a growth of 300%, which initially stimulated the initial bet of the Portuguese company on the startup with an investment of 150.000 euros and, now, the purchase of the majority of the shares, leaving those responsible for Kwiil with a minority shareholding and its presence in the Board of directors.
For him until now CEO of Kwiil, Borja Moreno, it is “a great operation beneficial for both companies that enhances the presence of Energia Simples in Spain and makes Kwiil one of the startups with greater projection of the energy sector.” The idea is to grow, improve together with other companies that have entered the market, offer a different alternative that goes beyond the traditional,” he stated.
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