Tenix, a leader in smartbus and bus charging solutions, has secured 10 million NOK in funding from Newday to further hone their green technology for electric buses. With the proliferation of electric buses increasing over the past five years, the growing necessity and demand for green technological solutions, such as those that Tenix offer, is clear.

Over the past three years, Idekapital has been a staunch supporter of Tenix, and this journey will continue with Rune Holen, Partner at Idekapital, as Chairman of the board.

"Our continued support for Tenix stems from our belief in their innovation and potential to reshape the future of green transportation." Says Rune Holen

The recent funding from Newday displays further confidence in Tenix as a company, their goals and aspirations, as well as in their smartbus and bus charging solutions. Newday is an investment firm which has a particular interest and involvement in small and medium businesses specializing in technology, making them an ideal investor for Tenix. Trond Stensrud, CEO and partner of Newday will be joining Tenix as a board member.

According to Trond Stensrud, "the immense value that Tenix offers with their green technology was a large selling point."

Within the next few years, Tenix aims to expand its Norwegian green technology footprint across Europe. Tenix's green technology focuses on enabling a seamless transition for bus companies adopting electric bus fleets, a transition that more and more bus companies are making.
By providing robust smartbus and charging solutions, bus companies can understand the efficiency, and gain an in-depth and data-driven overview of their electric bus fleet. The acquired funding from Newday will contribute towards research & development to enhance these solutions further and meet the burgeoning demand.

"Securing this funding underscores the belief in Tenix's vision and capability to alter the bus industry by mitigating the environmental footprint," said Torbjørn Krøvel, Chief Executive Officer at Tenix.

"Our smartbus and charging solutions are not just a step towards greener transport, but also a stride towards streamlining bus operations for bus companies."

About Tenix

Tenix is a leading technology company specialized in delivering innovative Smartbus and charging solutions. Its aim is to assist bus companies in understanding the inner workings of their bus fleet, helping them to reduce fuel consumption, energy consumption, charging costs, and much more. With a firm commitment towards environmental responsibility, Tenix continues to evolve its green technology offerings to meet the needs of bus companies now and into the future.

About Newday

Newday is an active growth investor whose greatest strength lies in expertise and experience from strategic and operational work with business development. Newday invests in small and medium-sized companies with growth potential, where the purpose is to add capital, experience, networks and expertise so that the companies can exploit their growth potential.

About Idékapital

Idékapital is a leading VC and growth equity firm supporting ambitious Norwegian software and tech companies. They have an impressive portfolio which includes Ardoq, Wheel.me and Kongsberg Digital. With a history of fostering innovation, Idékapital provides strategic advice and scale-up support to companies to help them achieve their potential.