Utility Funding is an OFGEM-accredited meter asset provider that supplies advanced electricity and gas meters on rental to energy suppliers serving industrial and commercial customers. The company supports energy suppliers in meeting obligations related to the smart meter rollout for domestic consumers. Founded in 2009 and based in Salisbury, UK, UFL provides both meters and installation capability through its funding and asset model. The company is undertaking a smart meter installation programme across the UK over the next three years. Its recent external funding is intended to expand activities across the market and augment existing funding facilities. No revenue or user metrics were disclosed in the article.

Total raised

$11M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2013