Ivy provides a cloud-based software solution that automates solar and EV billing for multi-tenant properties, integrating seamlessly with various utility rate schedules and building metering types. This technology simplifies complex accounting processes, maximizes owner revenue, and enhances tenant savings through efficient solar energy usage.
Funding
$18M 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.
STFounders
Product
Problem
Managing solar and electric vehicle (EV) billing in multi-tenant properties is complex due to varying utility rate schedules and building metering types, leading to accounting challenges and lost revenue for property owners. Tenants often lack transparency into their solar energy usage and savings, hindering adoption and engagement with sustainable energy programs.
Solution
Ivy provides a cloud-based software platform that automates solar and EV billing for multi-tenant properties, streamlining accounting processes and maximizing revenue for property owners. The platform integrates with existing property management systems and utility rate structures to accurately allocate solar energy credits and EV charging costs to individual tenants. By providing tenants with user-friendly billing statements and insights into their energy consumption, Ivy incentivizes participation in sustainable energy programs and promotes energy efficiency. The software supports various building metering types and offers flexible billing options, including consolidated (IvyOne) and separate (IvyDual) billing statements.
Target Audience
Ivy's primary customers are owners and managers of multi-tenant properties (apartments, condos, commercial buildings) looking to simplify solar and EV billing, increase net operating income (NOI), and enhance tenant satisfaction.
Features
- Automated solar and EV billing for multi-tenant properties, compliant across all 50 states
- Integration with property management systems for seamless rent ledger integration
- Compatibility with diverse utility rate schedules, tariffs, and building metering types
- Flexible billing options, offering combined grid and solar bills (IvyOne) or separate solar-only bills (IvyDual)
- Real-time data and custom dashboards for monitoring solar energy usage and sustainability metrics at the property and unit levels
- Tenant mobile app for hassle-free EV charging management and energy consumption tracking
- Support for multiple EV charging hardware types with customizable pricing plans
- Sustainability data and reporting on NOI, solar energy usage, community sustainability impacts, and Scope 3 emissions