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Enervee is a technology company.
Enervee provides an AI-powered marketplace platform designed to drive energy-efficient consumer purchases. Its core product integrates a patented scoring system, the Enervee Score, which rates product energy efficiency from 0-100, alongside instant rebates and embedded financing. This white-label solution streamlines the process for consumers to identify, acquire, and fund energy-saving appliances and products, leveraging daily data updates across over 40 product categories.
The company was co-founded in 2010 by Matthias Kurwig and Don Epperson. Their founding insight was rooted in the belief that making energy-efficient choices more transparent and accessible would empower consumers to make better buying decisions for their homes. Matthias Kurwig, a seasoned entrepreneur, aimed to transform the shopping experience to help households actively contribute to combating climate change.
Enervee's platform is primarily utilized by utility companies and state programs, which then offer the service to their residential customers. Serving millions of households, the company's vision centers on enabling a more sustainable future by consistently removing barriers to energy efficiency. Enervee aims to make purchasing energy-saving products the clear and convenient choice for all consumers.
Enervee has raised $39.0M across 2 funding rounds.
Enervee has raised $39.0M in total across 2 funding rounds.
Enervee has raised $39.0M in total across 2 funding rounds.
Enervee's investors include Neil Doshi, Jason Cheng, Obvious Ventures, Eclipse Ventures, Greg Papadopoulos.
Enervee is a clean technology company that builds an integrated digital platform to drive energy-efficient consumer purchases, reducing energy use, utility bills, and CO2 emissions at scale.[1][2][3][4] It serves utilities, governments, retailers, and consumers—reaching over 37 million households—by solving barriers to efficient buying through tools like the Enervee Score (a daily-updated efficiency rating), personalized cost projections (ClearCost), savings estimates (YouSave), instant rebates, and Eco Financing.[1][3][4][5] The platform combines data science, behavioral science, AI, and digital marketing to personalize shopping for products like appliances, EVs, solar, and heat pumps, with proven impact: 154,765 MWh energy savings and 67,014 metric tons CO2e avoided to date.[1][6]
Growth momentum includes $36.6M total funding (Series B led by Kerogen Capital at $30M+), partnerships with PG&E, APS, AEP Ohio, NYSERDA, and retailers, plus expansions like NY Marketplace and nationwide Eco Financing via Coalition for Green Capital.[3][4][6] Headquartered in Venice, CA, with ~92-1000 employees (estimates vary), it generates ~$15.2M revenue.[2][3]
Enervee was founded in 2010 in Culver City (later Venice), CA, with a mission to empower better home buying decisions toward energy-efficient options, starting with Enervee.com 1.0 as the first energy-savings-focused product comparison site.[1][4] Founders aren't named in available data, but the team pioneered the Enervee Score for easy efficiency comparisons; early traction came from launching PG&E's first utility online marketplace with rebate processing and pitching to President Obama.[4]
Pivotal moments include Obvious Ventures-led Series A funding, academic validation of the Score's impact, AESP market transformation award, Series B from Kerogen Capital for scaling decarbonization, and innovations like Eco Financing and NY Marketplace.[4] These milestones humanize Enervee as a persistent innovator combating climate change through accessible tech, evolving from a comparison tool to a full commerce platform with utilities and states.[1][4][5]
Enervee stands out in cleantech via these key strengths:
Enervee rides the electrification and decarbonization wave, accelerating the shift to efficient appliances, EVs, heat pumps, and solar amid net-zero mandates and IRA incentives.[4][5] Timing is ideal: rising utility sustainability goals, federal/state rebates, and AI/data tools enable market transformation for income-constrained households—overcoming cognitive barriers where intent doesn't match action.[1][3]
Market forces like utility DR needs (97% pre-enrollment success) and equity pushes favor Enervee, influencing ecosystems by partnering with governments (CA, NY), retailers, and OEMs to stack incentives and report rigorously.[4][5][6] It shapes cleantech by proving digital nudges scale efficiency, earning awards and academic backing, while expanding financing nationwide.[1][4]
Enervee is primed to dominate utility-driven efficiency marketplaces, leveraging AI rebates, Eco Financing, and DR to hit billions in savings as electrification surges. Trends like stacked federal incentives, heat pump adoption, and AI personalization will propel growth, potentially doubling impact via more state rollouts and global expansion beyond US/Europe.[1][4][5] Influence may evolve toward full decarbonization platforms, influencing policy and rivals—cementing its role from niche scorer to efficiency powerhouse, one smart purchase at a time.[3][6]
Enervee has raised $39.0M across 2 funding rounds. Most recently, it raised $35.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 22, 2022 | $35.0M Series B | Neil Doshi, Jason Cheng | |
| May 1, 2015 | $4.0M Series A | Obvious Ventures | Eclipse Ventures, Greg Papadopoulos |