myenergi, founded in 2016 and based in Grimsby, UK, manufactures a range of 'eco-smart' home energy technologies. Its products include the solar-compatible zappi electric vehicle charge point, the eddi power diverter, and the libbi smart home battery. The company intends to use new funding for growth, internationalisation, and product development and innovation. It is planning growth in grid services, such as demand side response. Financially, myenergi secured a £30M equity investment from Energy Impact Partners alongside a £30M debt facility from HSBC. As part of the equity investment EIP’s Nazo Moosa will join the myenergi board alongside Sir Terry Leahy and Peter Richardson. Founded in 2016 and based in the UK, myenergi develops smart home energy hardware including the zappi electric-vehicle charger and the eddi solar power diverter. The eddi lets users divert excess PV or wind generation into home heating systems (for example heating water) instead of exporting it to the grid. The company says the new capital will be used to expand operations, enhance production capabilities, and invest in R&D. myenergi reported annual sales in excess of £50 million last year and employs close to 450 people. Management also disclosed an annual turnover rate of more than 180% over the past three years.

Total raised

$74M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2023