PowerX

Overview
News
Smart Homes: Energy & Water Solutions?
Product stageSegments
Seed
?
Home energy monitoring and management
?

PowerX offers an advanced suite of intelligent home monitoring solutions that enable users to track and optimize their utility consumption in real-time. Their flagship product includes three interconnected sensors - PowerX Water, PowerX Electricity, and PowerX Water Heater - that provide comprehensive insights into a household's water, gas, and electricity usage through a centralized app and hub. PowerX's cutting-edge technology leverages ultrasonic flow meters, electric current monitors, and smart temperature sensors to deliver live and historical data on utility expenditure.

Powered by machine learning algorithms, the PowerX platform identifies inefficiencies, issues predictive maintenance alerts, and provides tailored recommendations to reduce waste and lower monthly bills. The non-invasive sensors seamlessly integrate into existing home systems without requiring extensive modifications. PowerX's innovative approach empowers consumers to make informed decisions, set customized saving goals, and actively monitor their environmental footprint.

In January 2024, PowerX successfully scaled its operations from manufacturing 2,000 units to a capacity of 200,000 units, positioning itself to meet the surging demand from Fortune 500 companies. The company has also expanded its product lineup to include a custom LoRa module, enhancing supply chain resilience amidst the ongoing chip shortage while reducing costs.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1639 Centre St. #295 Queens NY USA
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 8.0 mn
Last Funding:
USD 4.0 mn (Seed; May 2023)
Last valuation:
USD 30.0 mn (May 2023)
Key competitors
 
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