E
Enode
Building APIs that connect to EVs, home batteries, solar panels and other energy hardware so our customer can build awesome green energy apps
About Enode
Enode is a software-as-a-service (SaaS) company that provides a single API to connect and control a wide range of energy hardware, also known as Distributed Energy Resources (DERs). The company's platform allows energy providers and other businesses to integrate with electric vehicles, home EV chargers, solar inverters, home batteries, and HVAC systems. This enables the development of green energy applications and services, such as smart charging, demand response, and energy optimization.
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The company operates on a B2B model, serving clients across the energy ecosystem, from startups to large, established energy providers. By offering a unified integration point, Enode simplifies the process for its customers to connect with a fragmented landscape of energy device manufacturers. This allows them to build and scale their energy management solutions more efficiently.
Enode's business model is based on subscriptions to its API platform. The company has gained significant traction, having raised $17.4 million in funding over four rounds from 15 investors. As of mid-2023, its API connects to over 45 original equipment manufacturers (OEMs) and more than 300 energy devices, reaching a potential customer base of over 60 million energy users. The company has supported the launch of more than 65 products and has integrated over 500,000 energy devices through its platform.
At a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Oslo, Norway
- Employees
- 64
- Open positions
- None listed
- Dealroom signal
- 78.7/100
- Sub-industry
- Clean Energy, Energy Providers, Energy Efficiency
- Sector
- Transportation, Smart Grid, Sustainable Development Goals, Urban Tech, EV Charging, EV Charging Software, Climate Tech, Nordic Rising Star 2022, Building Energy Efficiency
- Technology
- Mobile app
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SUPPORT PROGRAM✓Other financing | Dec 2022 | $0 | — | HEC Paris | — |
| SERIES A✓Equity / VC | Nov 2022 | $15M | $60M | Matt Cohler · Skyfall Ventures · Creandum · BoxGroup | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Enode is 71K monthly website visits, up 6% over the last three months. Enode's team grew 1.6% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed10 investors entered at this stage
Innovation Norway
Y Combinator
BoxGroup
Lowercarbon Capital- HLHelge Lund
Gustaf Alstromer
Skyfall Ventures
Liquid 2 Ventures
Scott Belsky
MCJ Collective
Series A3 investors entered at this stage
Creandum
Matt Cohler
Andreas Lundgren
Other known investors6 additional known investors
HEC Paris
Alliance VC
Climate Capital
HEC Paris Incubator- SWSabina Wizander
Sondo Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Enode on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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