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A Google-mentored service that utilises award-winning AI to track electricity usage and cost for individual home appliances and deliver the data via a smartphone app. Verv uses patented technology to gather a home’s electricity data 5 million times faster than current smart meters. The information gathered can be used to identify which appliances could be switched off to reduce unnecessary energy consumption. Verv is funded by Centrica and has sold 12k units globally to businesses such as British Gas and Dubai Electricity & Water Authority. Verv is currently trailing their technology with 6 other international energy firms, as well as a global insurance company. In addition, Verv has also received funding via 6 government grants.

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Product Description

Verv is an intelligent home energy assistant by Green Running Ltd, a London-based team of Machine Learning experts specialising in Artificial Intelligence and high-frequency disaggregation for the energy sector. Verv has 6 patents filed and has sold units to British Gas, EDF and Allianz.

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Investment goal:
350 000 €

463 210 €

Funded percent:

20 900 000 €

United Kingdom

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