New investments, Tech

Swedish software company Eliq establishes product development office in Vilnius

December 03, 2020

Eliq, a Swedish company developing customer engagement software for energy suppliers, has announced plans to open a development office in Vilnius, Lithuania. The company is looking to build a team, which will include software developers, data scientists and product managers.

Founded in 2010 under the name Exibea, Eliq has been among the pioneers of developing innovative solutions for energy usage monitoring and optimisation. With the help of Eliq, utility companies can provide end-users with full control over their energy consumption, resulting in increased loyalty and engagement.

“Sustainability is at the core of our business model,“ Håkan Ludvigson, co-founder and CEO of Eliq, explains. “We help utility companies to reinvent themselves as energy services providers, by making it easier for consumers to understand, control and access energy services. These are all necessary steps speeding up the transition to a fossil-free future.”

Software platforms developed by Eliq are used by more than one million consumers worldwide. In addition to the Swedish power giant Vattenfall, energy corporations in Norway, France, Spain, Great Britain and Chile rely on the company’s software solutions. As of October 2020, Eliq had 18 utility customers in 7 countries and a team of 29 people working in offices in Gothenburg and London.

Eliq has recently secured €5 million in VC funding, which will allow the company to accelerate product development and expand its geographical reach. To bring more solutions to market quickly, Eliq has decided to establish a second development office in Vilnius. As Håkan Ludvigson mentions, the Lithuanian capital was chosen out of several European locations because of its highly-skilled talent pool, ease of doing business and geographical proximity to Sweden.

“We have a long-term plan for our Vilnius presence, and we are looking to grow the team here over time. Among other things, our new office will get us closer to the goal of serving customers in the Baltics in the coming years,“ he says.

Eliq is initially planning to hire more than 20 specialists, primarily C#/.NET developers, with several positions open for data scientists and product owners. The company also seeks to establish close ties with local universities, and will be accepting interns and graduate students in need of thesis supervision.

“As the European utilities industry is changing, companies that contribute to clean energy transition are an especially welcome addition to the Lithuanian tech landscape. The quality and drive of Lithuanian developers will undoubtedly help Eliq in reinventing the customer experience for energy users across the world,” Mantas Katinas, Managing Director of Invest Lithuania, believes.

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Aistė Žebrauskienė
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    Aistė Žebrauskienė Press Officer
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