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Greenely
Company Overview
Greenely AB
Stockholm, Sweden
2014
Approximately 40 employees (source: zoominfo.com). Revenue estimated at $8.4 million in 2023 (source: zoominfo.com).
What They Do
Greenely is a pioneering Swedish energy technology company that specializes in smart energy management solutions. Founded as a spinoff from a master's thesis at KTH Royal Institute of Technology, the company has developed a cloud-based platform that aggregates real-time data from smart meters and various device APIs, including EV chargers and solar inverters. This innovative approach allows for automated optimization of household energy use through AI-driven scheduling, enabling users to save significantly on their energy bills (source: techcrunch.com). Greenely's offerings include a freemium mobile app that provides insights into energy consumption, transparent billing, and personalized recommendations, which can lead to cost savings of 10-20% for users.
Projects & Track Record
Greenely has successfully completed several notable projects, including a pilot study in collaboration with Stanford University in California, which focused on user behavior regarding electricity consumption. This project was partially funded by the Swedish Energy Agency and marked the company's initial foray into international collaborations. In Sweden, Greenely has rolled out its services in partnership with local utilities such as Karlstad Energi and Bixia, serving an initial cohort of households since 2018 (source: yongkyung-oh.github.io). The company is currently expanding its Virtual Power Plant (VPP) program, which was launched in December 2023, and is set to include home batteries and EV chargers, enhancing its service offerings for over 200,000 households.
Recent Developments
In the past two years, Greenely has made significant strides in funding and expansion. In July 2024, the company closed an €8 million (90 MSEK) Series A funding round led by Korys, which will be used to enhance its VPP capabilities and expand into Nordic markets, particularly Norway and Finland (source: techcrunch.com). Earlier, in July 2021, Greenely raised €1.8 million to support its entry into the UK market. The company is also focusing on developing intraday trading capabilities and has received recognition for its innovative approach, including Forbes 30 under 30 accolades for its CEO, Tanmoy Bari.
Working There
Greenely offers a dynamic work environment with roles spanning engineering, product management, and business development. The company is actively hiring to support its growth, particularly in the Nordic region, and emphasizes attracting top-tier talent for its expanding team of approximately 40 employees (source: arctictoday.com). Greenely's culture is rooted in innovation and problem-solving, supported by KTH's startup ecosystem, which provides resources and mentorship. While specific benefits are not extensively documented, the company positions itself as a competitive player in Sweden's startup scene, likely offering flexible work arrangements and a supportive environment for its employees.
Contact
Last updated on 2025-12-27 | Report an issue
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