EIT Digital celebrates Clevergy's successful €1.5 million funding round to revolutionize home energy management

EIT Digital is delighted to celebrate the recent successful €1.5 million funding round by Spanish startup Clevergy, a company part of EIT Digital’s Equity Portfolio.

A climate-tech firm, Clevergy addresses the challenge of fragmented home energy management and ineffective connectivity between homes, the grid, and equipment manufacturers (such as batteries, electric cars, heat pumps, solar, etc.), by providing a unified platform that connects homes with retailer services and smart devices.

Currently, users have a limited experience due to different applications for each device. Energy companies are limited in their ability to centralize and optimize operations and provide a unified energy management service under their brand. 

By overcoming the limitations of existing disparate systems, Clevergy has emerged as a pioneer in the future energy transition.

The startup closed its initial pre-seed round in 2022 with Flash Ventures, securing €500,000 to develop a product enabling energy retailers and installers to centralize home energy management.

This latest round, led by Zubi and its founder Iker Marcaide, along with contributions from Earth, Finaves, Fredrik Wikstrom, and several notable climate-tech sector business angels, marks another significant milestone in Clevergy's journey.

The investment will fuel Clevergy's mission to improve its technology, expand smart device compatibility, integrate AI-based energy-saving models, and pioneer community energy management. The startup’s innovative approach has already garnered the trust of leading energy retailers and renewable energy firms, such as Naturgy, Doctor Energy, and Lidera Energía.

The company's commitment to maintaining its brand identity while offering customizable white-label integration solutions underscores its dedication to providing flexible and user-centric energy management services.

Beltrán Aznar, CEO and co-founder of Clevergy, highlighted the transformative role of households in the energy landscape, "Households will play a crucial role in the energy transition, evolving from mere consumers to active network participants, generating their own energy and balancing demand. Clevergy supports energy retailers and renewable energy companies with its technology, offering the best energy experience to their customers via apps or web platforms," he said. "The EIT Digital Open Innovation Factory support we received in 2023 has been critical in integrating inputs from smart devices into our Home Energy Management System, which will be central to Clevergy's growth going forward."

"We are excited to continue supporting Clevergy and other innovative ventures through our Open Innovation Factory, reinforcing our commitment to shaping a competitive, inclusive, and sustainable digital Europe. We congratulate Clevergy on this remarkable achievement and look forward to its continued impact on the energy sector,” EIT Digital’s Chief Innovation and Education Officer, Diva Tommei, said.

Sign up for updates

Receive the latest news and events updates by subscribing to our newsletter.

Sign up for our Newsletter

For media contacts

Are you a member of the media and would you like to contact us?
→ Get in touch with us here

Continue reading

Scroll up

Co-Funded by the European Union