Enode Analysis: $15M Raised
What is Enode?
Enode connects users' energy devices through a single API, enabling control and optimization. Their approach simplifies integration, reducing costs and complexity for developers. This allows companies to create user-centric energy management applications that enhance customer engagement and support sustainable energy practices.
Location
Oslo, Norway
Employees
11-50
Founded
2020
Industry
Enode Operates In The Energy Technology Industry, Specifically Focusing On Energy Device Management And Integration. The Company Provides A Platform That Connects Various Energy Devices Through A Single Api, Enabling Users To Control And Optimize Their Energy Consumption. This Includes Automating Electric Vehicle (ev) Charging, Monitoring Energy Production And Consumption In Real-time, And Facilitating Demand Response Participation For Energy Savings. Enode's Solutions Cater To Energy Retailers, E-mobility Providers, And Smart Home Developers, Promoting Sustainable Energy Practices And Enhancing Customer Engagement.
Revenue
$7.3M
Business Model
Pure Industrial Software
Funding Status
Seed
HQ Location
Oslo, Norway
YC Batch
W21
Product Features & Capabilities
- Connect to and control thousands of energy devices, Unlock smart energy use cases for customers, Grow new sustainable energy revenue streams, One API integration for 1000+ energy devices, Out-of-the-box smart charging APIs, Monitoring, demand response and reporting APIs.
Use Cases
Automate EV charging to optimize energy costs; Monitor energy production and consumption in real-time; Facilitate demand response participation for energy savings; Enable smart home energy management solutions; Support public charging and route planning for electric vehicles.
Pricing
- Starter Plan: Free per user monthly
- Up to 5 connected devices per client
- Up to 3 clients
- Products: Connect
- Supported hardware: Electric vehicles, Home chargers, HVACs, Solar inverters
- Features: API endpoints, Test mode, SDKs, Webhooks
- Service and support: E-mail support
How much Enode raised
Series A - $15M
November 1, 2022Lead Investor: Not specified in the source.
Investors
- Creandum
- Lowercarbon Capital
- BoxGroup
- MCJ Capital
- Skyfall Ventures
- Various angel investors
Market Focus
Enode primarily focuses on the energy technology industry, specifically in the development of green energy applications and solutions that connect and optimize energy devices for consumers and businesses.
Competitors Overview
Enode's main competitors in the energy optimization and green energy application market include:
- The Cloud People: This company has a significantly higher revenue of $66.8M and employs 334 people. They focus on cloud solutions, which may offer broader services compared to Enode's specific en
Full Description
Enode connects users' energy devices through a single API, enabling control and optimization. Their approach simplifies integration, reducing costs and complexity for developers. This allows companies to create user-centric energy management applications that enhance customer engagement and support sustainable energy practices.
Other Considerations
Supports over 1000 energy devices across 80 brands; Manages over 100 GWh of energy; Achieves an average of 25% savings with smart charging.
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