logo
logo

Greenely secures €8M in Series A funding led by Korys to expand residential VPP and Home Energy Management platform

Jul 26, 2024•12 months ago

Amount Raised

€8 Million

Round Type

series a

StockholmEnergy StorageSolarRenewable EnergyEnergy

Investors

Korys

Description

Stockholm-based energy startup Greenely has closed its Series A round, raising €8M to accelerate the development of their residential VPP and Home Energy Management platform, while fueling an expansion across the Nordic region.

Company Information

Company

Greenely

Location

Stockholm, Stockholm County, Sweden

About

Greenely is a Stockholm-based energy startup that offers an energy management platform integrating connected assets such as solar panels, electric vehicle chargers, battery storage systems, and heat pumps with a dynamic electricity tariff and virtual power plant (VPP) technology. The company aims to revolutionize the way households consume electricity and contribute to a net-zero future. Greenely is focused on reducing households' energy bills through intelligent management of electricity consumption and enabling consumers to participate in balancing the electricity network while contributing to grid stability.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People