Wattwatchers is a tech company active in the renewable-energy space. The article reports that investment firm Kilara Capital has invested $5.3 million into Wattwatchers. Kilara Capital is described as being backed by former Rich Listers the Smorgon family. The piece places the investment in the context of investor views that renewable technologies are running ahead of Australia’s slow policy rollout. The article does not provide product-level detail, operating metrics, or financial statements for Wattwatchers. No uses of proceeds or future plans are disclosed in the coverage. Wattwatchers develops smart energy devices and a consumer-facing platform called My Energy Marketplace that visualises household energy use in real time via mobile apps and a cloud-based hub. The platform enables customers to access their own data, carry it when switching energy providers, and opt in to share data with third parties for programs such as virtual power plants and demand response. The company plans a consumer-friendly app-store model that combines energy data with IoT technologies and smart appliances to enable new consumer-facing applications. Wattwatchers intends to offer devices at a discount to participating customers under the project, and to test business interest in customer electricity data at scale. The platform will also allow system operators like AEMO and Distribution Network Service Providers to pay for access to granular consumer data to improve visibility of the low-voltage grid and DER impacts. ARENA and Wattwatchers present the initiative as a commercial-scale three-year demonstration to be deployed with community organisations, industry and corporate partners.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2021