Evoly
Evoly is a company specializing in smart electric and water metering solutions, serving B2B utility customers across the United States and Europe, and offering significant cost savings and innovative features.
Company Locations and Offices
Evoly operates from multiple locations, including Remote, OR, USA; San Francisco, CA, USA; and Lausanne, VD, Switzerland. Additionally, they maintain a fully remote working structure, allowing team members to contribute from various regions, such as the United States, Switzerland, America/Canada, and Europe. Evoly’s diverse geographic presence ensures robust coverage and support for its B2B customers.
Industry and Sub-industry Focus
Evoly is rooted in the industrial sector, specifically within the energy sub-industry. The company provides smart electric and water metering solutions designed to modernize utility infrastructure. Their focus on industrial energy applications positions Evoly as a specialized player in the broader industrial market, delivering advanced metering technology to utility providers.
Products and Services Offered
Evoly offers smart electric and water meters as a service, providing utility companies with state-of-the-art metering solutions. These are easy to install, plug-and-play devices that are 5 times cheaper than traditional options. The software solution includes features such as 24/7 grid monitoring, remote meter reading, fraud detection, remote control of electricity, and time-of-use pricing. The subscription cost starts at $1 per month per meter, and a free trial is available for field testing.
Clientele and Market Reach
Evoly primarily serves B2B customers, specifically targeting utility companies. Their smart metering solutions are trusted by top-tier utilities, helping them save over $4 million annually. The company’s reliable and cost-effective technology is backed by notable investors, including Y Combinator, which enhances their credibility and market reach.
Y Combinator Affiliation
Evoly was part of the Y Combinator batch S22. This affiliation with Y Combinator, a prestigious startup accelerator, signifies a strong foundation and promising growth potential. The backing from Y Combinator not only brings vital resources and mentorship to Evoly but also positions them favorably in the eyes of investors and clients alike.