Enervee combines data science, behavioral science, and digital marketing to drive energy-related buying decisions across dozens of consumer product categories. Its Commerce platform, featuring Choice Engine technology and Eco Financing, powers marketplaces for energy-efficient products and simplifies purchases by deducting incentives and offering online financing. The company has partnered with utilities, retailers and governments, bringing its platform to over 40 million households in North America and working with retail partners like Best Buy. Enervee is tapping into the $50 billion U.S. appliances market and is focused on expanding its e-commerce and data platform offerings. The company plans to use new capital to accelerate hiring and build out its shopping experience and team. Enervee positions its product set as a lever to reduce energy consumption and support decarbonization. Enervee operates an energy-smart data and commerce platform that generates an "Enervee Score" by analyzing hundreds of thousands of product offers and regulatory data to compare operating costs and environmental impact. The platform is available on mobile and desktop, integrates with retailers (including Sears, Home Depot and Amazon), and also operates as a white-label marketplace for utilities to scale rebate programs and drive efficient purchases. Enervee is live with PG&E, Eversource and United Illuminating and is launching with another large California utility covering over one million households on July 1st. The company was bootstrapped for its first three and a half years while building its data infrastructure and currently has 14 employees, planning to grow to 30–40 by year end. Planned product expansion includes additional appliance categories such as water heaters, and the company plans trials to begin initial expansion into Europe. Funding will be used to expand the team (especially in its Santa Monica office), broaden product categories and support early European efforts.

Total raised

$39M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2022