Smart electric & water meters as a service
Company is active
Event Year: 2022
Company is active
Event Year: 2022
Evoly specializes in the development and deployment of intelligent electric and water meters, offered as a comprehensive service. By leveraging advanced technology, Evoly provides utilities with a cost-effective solution that can result in substantial annual savings, often exceeding $4 million.
Traditional electric and water meters simply measure consumption. In contrast, Evoly's smart meters not only measure consumption but also transmit this data, along with other critical information, wirelessly and remotely to the utility provider. This real-time data stream empowers utilities with enhanced operational insights and control.
Evoly's solution is designed for seamless integration and ease of installation, providing a plug-and-play experience. Furthermore, it offers a significantly more affordable alternative to conventional smart metering systems, with a cost reduction of up to five times. As a B2B company, Evoly primarily serves utility companies.
Through Evoly's software platform, utilities gain 24/7 visibility into their grid, unlocking a wide array of functionalities, including remote meter reading, fraud detection, remote electricity control (on/off), and the implementation of time-of-use pricing models.
Evoly specializes in the development and deployment of intelligent electric and water meters, offered as a comprehensive service. By leveraging advanced technology, Evoly provides utilities with a cost-effective solution that can result in substantial annual savings, often exceeding $4 million.
Traditional electric and water meters simply measure consumption. In contrast, Evoly's smart meters not only measure consumption but also transmit this data, along with other critical information, wirelessly and remotely to the utility provider. This real-time data stream empowers utilities with enhanced operational insights and control.
Evoly's solution is designed for seamless integration and ease of installation, providing a plug-and-play experience. Furthermore, it offers a significantly more affordable alternative to conventional smart metering systems, with a cost reduction of up to five times. As a B2B company, Evoly primarily serves utility companies.
Through Evoly's software platform, utilities gain 24/7 visibility into their grid, unlocking a wide array of functionalities, including remote meter reading, fraud detection, remote electricity control (on/off), and the implementation of time-of-use pricing models.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Industrials
Industrials
Industrials -> Energy
Industrials -> Energy
Team size: 4
Hiring: No
Team size: 4
Hiring: No
