EdgeGrid is a clean-tech platform that utilizes smart meters and a shared-energy model to optimize energy consumption for last-mile users, enabling them to pay only for the energy they consume. The platform addresses high energy costs by providing users with savings and potential earnings from energy efficiency, supported by a subsidy of up to ₹78,000 for the first 1 crore homes in India.
Funding
$5.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many last-mile energy users face high energy costs due to inefficiencies and lack of optimization in energy consumption. Traditional energy billing models do not incentivize energy efficiency or allow users to benefit from contributing to a shared energy network.
Solution
EdgeGrid offers a platform that utilizes smart meters and a shared-energy model to optimize energy consumption for last-mile users, enabling them to pay only for the energy they consume. By linking their utility account, users can participate in a climate network where they can earn from energy efficiency. EdgeGrid assesses current levels of energy wastage and plans earning potential, investing in smart meters to kickstart savings. The platform provides insights and actions to be efficient and power fleets and buildings with climate-friendly power, reducing energy costs and enhancing revenue from energy devices.
Target Audience
EdgeGrid targets homeowners, commercial buildings, building tenants, and mobility firms seeking to reduce energy costs and participate in a shared energy network.
Features
- Smart meter deployment for real-time energy consumption monitoring and optimization.
- Shared-energy model enabling users to transact and create value within a climate network.
- Mobile app for monitoring energy usage, making payments, and accessing energy-saving insights.
- Integration with utility accounts for seamless data sharing and billing.
- Energy wastage assessment and earning potential planning.
- Climate-friendly power solutions for fleets and buildings.