Elvy
Elvy offers a fixed-price energy subscription that bundles the installation, maintenance, and operation of a home energy system—including heat pump, solar panels, and battery storage—into a single predictable monthly cost for 15 years. Homeowners avoid any upfront capital expenditure, while Elvy owns and manages the equipment, aiming to reduce energy costs by 10-20% and achieve up to 80% energy self-sufficiency through AI-optimized system design, with the option to purchase the system for 1 SEK at the end of the term.
- Energy
- Clean Technology
- Internet of Things
- Hardware
- Artificial Intelligence
- Battery Technology
Funding
Raised to date
SEK 70MRaised 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.
Est. $6.7Macross 1 round
DCECMKFounders
Founder details are not available yet.
Product
Problem
Homeowners face significant upfront capital expenditure and complex decision-making when investing in energy efficiency upgrades like heat pumps, solar panels, and battery storage. Managing fluctuating energy costs and ensuring system performance also presents ongoing challenges.
Solution
Elvy offers a fixed-price energy subscription service that bundles the installation and management of a complete home energy system, including heat pumps, solar panels, and battery storage. This integrated approach aims to reduce household energy costs by 10-20% and achieve up to 80% energy self-sufficiency. Elvy handles the entire lifecycle of the system, from initial energy analysis and system design to installation and ongoing proactive maintenance, providing predictable energy expenses for 15 years. At the end of the subscription term, customers have the option to purchase the system for a nominal fee or renew their contract for updated hardware.
Target Audience
The primary target audience consists of homeowners seeking to reduce energy expenses and increase energy independence without the burden of upfront investment and system management.
Features
- Comprehensive energy analysis utilizing AI models, public data, and user input to optimize system design
- Turnkey installation of integrated energy systems, including heat pumps, solar photovoltaic arrays, and battery storage solutions
- Fixed-price energy subscription model providing predictable costs for heating, hot water, and household electricity over a 15-year term
- Proactive system monitoring and maintenance to ensure optimal performance and minimize downtime
- Guaranteed indoor temperature of up to 22 degrees Celsius as part of the subscription
- Option to purchase the installed energy system for 1 SEK at the end of the contract term
- Renewable contract option offering updated hardware and a new monthly price
- Energy pot allocation for household electricity consumption, with recommendations for managing high-demand loads like EV charging
- Annual price adjustment tied only to consumer price index (KPI), not spot prices
- Equipment financed via operational leasing, with no loans or capital binding for the customer