Heatio bags £2M to make clean energy more accessible and affordable

Jun 27, 2024•over 1 year ago

Amount Raised

£2 Million

Round Type

seed

LiverpoolSolarRenewable EnergyEnergyArtificial Intelligence

Investors

Neil NormanLyva LabsBaltic VenturesThe Syndicate RoomConduit ConnectAscension

Description

Liverpool-based cleantech startup Heatio has secured £2 million in funding to move closer to its mission of making clean energy more accessible and affordable. The oversubscribed investment round was led by Ascension, with support from several co-investors, including Conduit Connect, The Syndicate Room, Baltic Ventures, LYVA Labs, and deep tech investor Neil Norman. The investment will be used to expand the Heatio team, launch version 2 of the Heatio Flexx app, and scale the onboarding process for new customers.

Company Information

Company

Heatio

Location

Liverpool, Merseyside, United Kingdom

About

Heatio is a Liverpool-based cleantech startup founded in 2022. The company is revolutionizing home energy management with its smart home energy platform, Heatio Flexx. Their platform is connected to Heatio’s Virtual Power Plant, optimizing and managing renewable technologies like solar panels, heat pumps, EV chargers, and batteries. Using AI and machine learning, Heatio Flexx provides tailored energy solutions based on the property type, making the property more efficient and enabling consumers to save money on their energy bills.

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