econic builds and supplies the equipment needed to turn ordinary homes into sustainable e-homes, including heat pumps, solar panels, batteries, and EV charging points. The company installs and services that equipment and offers customers the option to purchase or lease hardware via a digital platform and strategic partnerships. Founded in 2017 and headquartered in Amsterdam, econic has grown organically and through acquisitions to expand its footprint in the Netherlands and Germany. It employs over 150 people and has adjusted its board composition to Joris Jonker (CEO), Jaap Smid (CFO) and Age Reijenga (COO); co-founder Frits Verhoef moves to Head of Impact and Jan-Willem van Wensem joins the Advisory Board. The business model centers on avoiding new energy-system investments by enabling e-homes for a fixed monthly fee, targeting large-scale urban CO2 reductions. The company says it will use new funding to accelerate the energy transition in the Netherlands and Germany.

Total raised

$132M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022