TrueMeter provides an AI Energy Manager that automatically audits, pays, and claims savings across multi-location power and gas utility bills for brick-and-mortar operators. The platform shops energy rates, corrects billing errors, and consolidates all utility expenses into a single invoice. This service guarantees 7-15% power bill reductions while delivering enterprise-grade accounting reports and operational energy usage insights.
Funding
$4M 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
Brick‑and‑mortar operators with multiple locations incur high utility expenses, receive fragmented invoices, and often face billing errors and a lack of actionable energy insights, which erodes profit margins and adds administrative overhead.
Solution
TrueMeter’s AI Energy Manager audits, negotiates, and pays utility bills across an operator’s entire footprint, guaranteeing 7‑15 % savings with no upfront investment. The platform continuously shops rates from over 3,000 energy generators, corrects billing inaccuracies, and consolidates all utility, trash, and water charges into a single monthly invoice. An AI‑driven analytics engine provides hourly consumption data, efficiency benchmarks, and outlier alerts, delivering operational insights at both store and portfolio levels. TrueMeter handles payment processing, account authentication, and utility‑service changes on behalf of the client, freeing staff to focus on core business activities. The service is offered through a subscription model where customers make a monthly prepayment that is reconciled against actual utility spend at month‑end. Renewable‑energy sourcing is automatically applied where available, further enhancing sustainability goals.
Target Audience
Primary customers are multi‑site brick‑and‑mortar operators such as restaurant chains, retail groups, hospitality brands, health‑and‑wellness facilities, and logistics or real‑estate owners seeking to reduce utility costs and streamline energy management.
Features
- AI‑powered rate optimization engine that queries >3,000 electricity and natural‑gas generators to secure the lowest tariffs per site.
- Automated bill audit module that detects overcharges, meter‑reading errors, and contract mismatches, then files corrections automatically.
- Consolidated invoicing platform merging all utility, trash, and water charges into a single, audit‑ready monthly statement.
- Real‑time energy usage monitoring with hourly data, efficiency benchmarks, and outlier alerts across all locations.
- Enterprise‑grade reporting suite delivering per‑site and portfolio dashboards, CSV exports, and API access for ERP integration.
- Subscription payment model with a monthly prepayment; TrueMeter settles utilities directly and reconciles any variance at month‑end.
- Dedicated compliance workflow handling two‑factor authentication, utility account changes, and store openings/closures without extra fees.
- Automatic renewable‑energy sourcing option that switches electricity supply to green generators when available.