[Funding alert] Madrid-based Climate Tech Startup Clevergy Secures €1.5 Million in Funding

Wednesday 31, 2024 | By Startup Rise EU

Madrid-based Climate Tech Startup Clevergy Secures €1.5 Million in Funding. Iker Marcaide created and chaired Zubi, which led this round with additional funding from Earth, a new climate-tech fund Maex Ament formed.

Madrid-based Climate Tech Startup Clevergy Secures €1.5 Million in Funding. Iker Marcaide created and chaired Zubi, which led this round with additional funding from Earth, a new climate-tech fund Maex Ament formed.

Philip Stehlik, Finaves, Fredrik Wikstrom, and additional business angels in the climate-tech industry. Also joining as an advisor is Adrian Tuck, the founder of Uplight, a well-known American energy management software startup.

Read also -  Netherlands-based Tidal Control Secures €500K in a Pre-Seed Round Funding

Climate-tech company Clevergy closed its first pre-seed investment with Flash Ventures in 2022, raising €500k to create a platform that would allow energy dealers and installers to centralize home energy control.

In order to improve its product, Clevergy plans to invest in technology in this round. This includes adding more smart device compatibility, incorporating cutting-edge AI-based energy-saving models, and facilitating community energy management.

Read also - Limburg-based Foodtech Company Verdify Raises €2.4Million in Funding

Iker Marcaide, from Zubi, said: “The decision to invest in Clevergy aligns with the strategic interests of the company. This investment underscores our commitment to innovation and sustainability, and is fully aligned with the goals and developments of our current initiatives. Clevergy is at the forefront of the home energy transition, an area we deem critical for the future. We are delighted to support and be part of this significant shift in the industry.”

Beltrán Aznar, CEO and co-founder of Clevergy, commented: “Households will play a crucial role in the energy transition, evolving from mere consumers to active network participants, generating their own energy and balancing demand. Clevergy supports energy retailers and renewable energy companies with its technology, offering the best energy experience to their customers via apps or web platforms.”

The business will stick to its brand because it understands how important it is for customers to associate energy management with a particular brand. Clevergy provides a range of white-label integration strategies that are customized to each business's requirements. Whether building new applications or adding modules to improve current ones, the company's identity is always maintained.

Read also - Amsterdam-based Send AI Raises €2.2Million in a Pre-Seed Round Funding

About Clevergy

Established in 2021, Clevergy tackles the problem of inadequate connectivity amongst residences, the grid, and equipment producers (e.g., batteries, electric vehicles, heat pumps, solar panels, etc.).

Read also - London-based Fintech Startup Kriya Raises €58 Million in Funding

Because there are distinct apps for every device, users currently have a limited experience. It is difficult for energy businesses to optimize and centralize their processes and provide a branded, integrated energy management service. As leaders in the energy transition of the future, Clevergy links homes to smart devices and retailer services via a single platform.

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