Greenely

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

Greenely is a digital electricity company that offers a smart electricity contract through a mobile application. Their innovative approach allows customers to manage their energy consumption and optimize electricity usage through real-time monitoring and tailored feedback. Greenely's app provides users with hourly pricing information and historical consumption data, enabling them to avoid high-cost periods and reduce overall electricity expenses.

The company's business model revolves around providing electricity at cost price without surcharges, ensuring customers receive affordable and transparent rates. Greenely sources its energy exclusively from 100% renewable sources, aligning with its commitment to sustainability.

A key feature of Greenely's offering is the integration with smart devices, such as electric vehicles, charging stations, heating systems, and solar panels. By connecting these devices to the app, users can further enhance their energy efficiency and maximize cost savings through automated optimization.

As of May 2024, Greenely's Android app had achieved over 223,000 installs, highlighting its growing user base. The company has experienced rapid growth, becoming one of the fastest-growing electricity providers in Sweden, with customers reporting electricity cost reductions of up to 20%.

In addition to its core electricity services, Greenely has expanded its product offerings to include smart electric charging and solar cell solutions, further solidifying its position as a comprehensive energy management platform.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
Tegelbacken 4 Stockholm SWE
Founded year:
2014
Employees:
11-50
IPO status:
Private
Total funding:
USD 15.9 mn
Last Funding:
USD 8.3 mn (Series A; Jul 2024)
Last valuation:
USD 57.7 mn (Jun 2022)
Key competitors
 
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Company profile
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