Top 10 IoT Energy startups

Updated: February 07, 2024

IoT energy startups are focused on developing integrated sensor networks, data analytics platforms, and real-time monitoring systems to enable smart grid management, optimize energy distribution and consumption, improve grid reliability, and facilitate the seamless integration of renewable energy sources, ultimately driving efficiency, sustainability, and cost-effectiveness in the energy sector.
1
Country: Kenya | Funding: $536.4M
M-Kopa Solar provides customers with solar lamps that can also recharge their mobile phone or radio.
2
Country: USA | Funding: $352.7M
Infinitum Electric is a motor technology company delivering lightweight and IoT-enabled electric motors.
3
Country: USA | Funding: $121.1M
Project Canary’s mission is to reduce the release of methane into the atmosphere. Using their own sensors, their goal is to continuously monitor thousands of remote sites and help energy companies reduce fugitive gas emissions.
4
Country: India | Funding: $67.9M
CHARGE+ZONE, a fully integrated IOT-driven, unmanned and app driven EV-charging company, is on ambitious drive to electrify India's national highways. Additionally through smart charging solutions, it is focussed on distributed EV charging network points for electric buses and car and 3Ws cargo EVs which are ubiquitous for Indian market.
5
Country: Canada | Funding: $50M
Kontrol Integrates smart energy devices, energy software and energy retrofits to help organizations benefit from energy cost savings while minimizing greenhouse gas emissions.
6
Country: USA | Funding: $49.8M
LineVision increases the capacity, flexibility, and reliability of transmission lines with non-contact sensors and advanced analytics.
7
Country: USA | Funding: $38M
Worlds' technology combines deep learning and IoT inside of a 4D environment to give organizations the ability to observe their organization’s physical space and then, analyze and learn from their physical surroundings
8
Country: USA | Funding: $29.9M
75F is a predictive and proactive IoT-based building automation system that addresses HVAC, lighting, and equipment control needs.
9
Country: Colombia | Funding: $26.5M
Bia is an energy trader that will initially focus on businesses in Colombia, offering them smart meters and a consumption analysis platform with real-time analytics. The startup claims to reduce consumption by analyzing data directly from a mobile application and that an average user could save up to 10% on their energy bill each month with these measurements.
10
Country: USA | Funding: $19.8M
Virtual Peaker’s web-based platform uses customers’ smart home devices to track and control consumption, keep the grid stable, and allow utilities to bring in more renewable energy sources.
11
Country: UK | Funding: $16.9M
Verv is an intelligent home hub, which gives the power to take control of energy usage to ultimately reduce energy bills.
12
Country: Norway | Funding: $17.2M
Enode develops APIs that connect EVs, home chargers, batteries, and heating to energy management apps.
13
Country: Belgium | Funding: $16.4M
e-peas helps to disrupt the industry by making electronic device energy efficient, smart and autonomous with our best performing energy harvesting power management & processing integrated circuits
14
Country: Portugal | Funding: €12M
GoWithFlow is a sustainable Mobility Management solution manages and optimizes the entire mobility and energy lifecycle.
15
Country: USA
SOTAOG application is specially designed to provide owners and operators in the oil and gas industry with a one-stop, fully-integrated solution for capturing and transforming field and operational data into real-time business intelligence that helps improve operational response, enhance business decisions and drive revenue growth.
16
Country: Nigeria | Funding: $9M
Arnergy is a distributed utility leveraging on internet of things (IOT) to providing reliable solar power for businesses in emerging markets
17
Country: India | Funding: $8.5M
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
18
Country: India | Funding: ₹560M
Led by IoT, a Repose Petrol Pump can deliver fuel to the end customers through a simple mobile application
19
Country: USA | Funding: $5.9M
New Sun Road is a public benefit corporation developing data-driven IoT technology solutions.
20
Country: USA | Funding: $3.2M
Lumian is a B2B SaaS startup that develops an AI-based low code / no code platform for smart energy management and sustainability.
21
Country: Tunisia | Funding: $1.8M
Wattnow is a real-time monitoring solution that provides a breakdown of energy spending to identify wasteful trends.
22
Country: USA
Evolve Energy is the energy company of the future - Evolve saves consumers 50% on their energy costs through AI and IOT. Acquired by Octopus Energy
23
Country: Ireland | Funding: $200K
KelTech IoT provides secure solutions for the communications infrastructure and property technology market.
24
Country: Germany | Funding: $59.5K
gridX develops IoT-Solutions for the energy sector. gridX connects and controls energy generation and storage systems to form a decentral, virtual power plant.
25
Country: India
ThingsCloud offers a mix of hardware and software solutions that can increase the efficiency of energy systems in residential societies. Its solar inverters also offer data insights that can predict the demand and supply of power in an area.
26
Country: Ireland
Luna develops telematic device uses world-first centimeter-level positioning accuracy to deliver the geographical accuracy needed for scooter companies to ensure their scooters are being both parked and ridden correctly, within city guidelines and safety regulations.
27
Country: USA
Smart OES provides energy optimization for buildings to reduce greenhouse emissions for nonresidential buildings using a suite of wireless hardware devices that measure energy use throughout a building and then send that data to the Cloud, among other tools.
28
Country: USA
Grid Sentry aims to monitor power equipment remotely. Equipment which can be monitored includes infrastructure such as power lines. Sensors are used in order to identify any potential problems before further issues such as a power outage is caused.
29
Country: India
Energos develops an end-to-end platform based on IOT and edge AI analytics to automate the energy flow between distributed energy loads and distributed energy resources.
30
Country: USA
EthosGen develops eco-friendly, renewable energy systems by converting waste heat into renewable energy or by developing solar projects.
31
Country: Brazil
Digital Transformation and Energy Transition, including Industrial IoT, SaaS for optimization, adding value to marginal onshore wells, etc.
32
Country: India
SuryaLogix is a product development company in the field of renewables. Working with cutting-edge technologies like IoT, AI, ML, and wireless communication. Suryalogix resolve client’s pain points of Remote monitoring and management, Smart/Hybrid controllers, Asset management, SCADA, etc. It helps to optimize and digitalise green energy generation to increase the ROI by using innovative products.
33
Country: South Korea
Sesu.ai develops renewable smart grid energy platform based on AI, Blockchain software and IoT hardware.