SpotmyEnergy offers an all-in-one system consisting of a smart meter, an energy management platform, and a time-of-use electricity tariff for homeowners. Its solution targets home storage systems, electric vehicles, heat pumps, and rooftop solar installations. The company has launched its product commercially and reports strong demand, supported by a network of over 50 electrical installation partners (with a new partner joining daily). The new funding will be used to increase manufacturing capacity and to invest in technological development. Product roadmap priorities include broad device compatibility across manufacturers and the implementation of intelligent trading algorithms to manage residential battery storage. The company positions itself to unlock residential flexibility and reduce household energy bills while supporting the green energy transition.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2024