Colombia's Bia Energy raises $18.5M as El Niño tests the power grid
What's the deal? Colombian energy company Bia EnergyDealroom has a profile for this one. Try Dealroom → has raised $18.5 million in an early-stage round led by investors including Kaszek, RA Capital, Endeavor Catalyst, EWA CapitalDealroom has a profile for this one. Try Dealroom →, and the Inter-American Development BankDealroom has a profile for this one. Try Dealroom →. The company sells electricity through technology that helps businesses track and cut their consumption, and it is now expanding into solar generation and artificial intelligence.
Why now? The round lands during what Bia calls one of the toughest years for Colombia's power system in more than a decade. El Niño is likely to hit hard and could stretch into the first four months of 2027, bringing less rain, lower reservoir generation, and higher energy prices.
The counterintuitive bet: While much of the market turns cautious, Bia says it chose to push new products. "In the face of a crisis, the best way to respond is by innovating, strengthening yourself, and developing technology," said cofounder and chief executive officer Sebastián Ruales (translated from Spanish). "This round is not the news; it is the enabler of what comes next."
The numbers: Bia closed 2025 with revenue above $140 million and more than 4,200 corporate clients across over 270 Colombian cities, including FalabellaDealroom has a profile for this one. Try Dealroom →, Coca-ColaDealroom has a profile for this one. Try Dealroom →, DaviviendaDealroom has a profile for this one. Try Dealroom →, IKEADealroom has a profile for this one. Try Dealroom →, StarbucksDealroom has a profile for this one. Try Dealroom →, and KFCDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Bia is moving beyond selling power to generating it. It already runs small-scale solar farms and plans 100 new projects before the end of 2027 under an energy-communities model, where users generate, share, and sell their own power through Bia's platform.
The product: The company also launched OlibiaDealroom has a profile for this one. Try Dealroom →, an AI software that spins out as a separate company. It uses AI agents to handle metering, billing, collections, loss management, customer service, and wholesale-market operations.
The signal: Bia is betting that grid stress is a catalyst, not a deterrent, for energy technology. By pairing consumption software with distributed solar and AI, it is positioning to gain ground precisely when the sector is under the most pressure.
Read more: valoraanalitik.com
Image credit: Chris Hunkeler
