Smart Tech and Sustainability: what’s the link?
Smart technology has the potential to revolutionize sustainability by making our homes, cities, and industries more energy-efficient and environmentally friendly. By leveraging the power of the Internet of Things (IoT) and artificial intelligence (AI), smart technology can help reduce waste, conserve resources, and lower carbon emissions. According to Statista, global spending on Internet of Things products is forecast to reach $1.1 trillion, which will further propel the adoption of smart tech in homes and cities.
One way that smart technology is promoting sustainability is through the creation of smart homes. Smart home devices, such as smart thermostats and lighting systems, can be programmed to automatically adjust temperature and lighting based on occupancy, time of day, and weather conditions. This can significantly reduce energy consumption and lower utility bills, all while improving comfort and convenience.
Smart technology is also transforming the way we manage waste and recycling. Smart waste management systems use sensors and real-time data to optimize waste collection and disposal, reducing unnecessary pickups and minimizing the amount of waste sent to landfills. Additionally, smart recycling systems use AI and computer vision to sort and process recyclable materials more efficiently, reducing contamination and increasing the amount of waste that can be recycled.
Overall, smart technology has the potential to revolutionize sustainability by making our homes, cities, and industries more energy-efficient, environmentally friendly, and sustainable. Because of that, we’ve decided to create a list of seven European start-ups that are paving the way for Smart Tech in 2023. We’ve spotlighted companies from all aspects of smart tech, be it smart homes or smart cities, that are accelerating the market.
Top 7 Smart Tech Start-Ups in Europe:
Berlin-based Comgy was founded in 2017 and specializes in digital sub-metering solutions for the housing and energy industry. They develop innovative software and hardware that simplify the measurement, visualization, and billing of buildings’ heat, water, and electricity consumption. Their main mission is to help make buildings climate-neutral through energy data solutions. The company has to this date secured over €25M of funding.
Swedish Sensative is a developer of a home connectivity platform designed to gain control over all devices through a single interface. They utilize the power of IoT in their solutions, in order to access the full potential of data necessary to push initiatives for smart cities and buildings, connected grids, efficient water & waste distribution, and environmentally friendly agriculture. Founded in 2013, the company has so far gathered €5.43M of funding, including a €2.88M Series A round.
Founded in 2011 in Munich, Germany, tado° is a developer of smart thermostats and smart heating solutions to reduce residential energy consumption. Their technology contributes to reducing emissions and energy consumption, as well as the utility bills of their users. Additionally, tado° works together with grid operators and utility companies in order to balance out intermittent supply via intelligent demand management of connected households to ensure a reliable energy supply. The company has raised a whooping €184M of funding, including a €12M round in April 2023.
London-based Verv specializes in high-speed data acquisitions and AI, focused on the energy sector. They have created an AI-based predictive maintenance isolator suite for Heat Pump, Air Conditioners, and other large electrical loads, aiming to reduce carbon emissions by unlocking previously untapped energy data to gain new and unique insights. Founded in 2010, the company has so far raised €10.2M of funding.
Founded in 2017, Cologne-based Einhundert Energy develops smart services around green and digital energy supply for tenants. The company supports real estate and energy companies with software and scalable services for multi-tenant self-consumption roll-out. Einhundert claims their solutions helped to save 4000+ tons of CO2 so far. To this day, the company secured €8M of funding.
UK-based Mixergy was founded in 2014 and develops smart hot water tanks intended to improve energy performance. Their main goal is to provide a clear path to transition from fossil fuel heating to low and zero-carbon alternatives. The company claims its innovative solutions can reduce gas consumption by up to 21%, resulting in up to 40$ savings on hot water bills. Mixergy has so far secured over €17.7M in funding, including a €10.42M Series B round in March 2023.
Founded in 2014 and based in Grenoble, France, ELichens specializes in providing air quality monitoring solutions for various markets. Their innovative solution aims at solving the issues of indoor and outdoor air pollution within smart city and smart home sectors, but also within industrial safety and agriculture. To this date, ELichens secured over €25.8M of funding.
With more innovations, come more great smart tech entrepreneurs. And with smart tech entrepreneurs, comes the need to build smart tech teams. If that’s the case for you, get in touch today! Our specialist Consultants work only within the GreenTech space, with Smart Tech being one of our biggest divisions and no doubt we can connect you with the very best talent that aligns with your needs.