Evoly blog · Mar 2024
Company blog post describing practical deployment guidance for smart metering systems and positioning Evoly as a resource-management platform.
Smart electric & water meters as a service
evolyenergy.com
HQ: Remote, OR, USA; San Francisco, CA, USA; Lausanne, VD, Switzerland; Remote
1-10
Industrials
Company research
Public company, workplace, funding, and market signals
Overview
Evoly is a Swiss-founded B2B utilities/IoT company that sells smart electric and water metering plus waste-monitoring systems as a service. Public sources broadly agree on the product and leadership, but the founding year is inconsistent across sources (2020 vs 2021); I used 2021 from YC/Startup.ch/Forbes and left unsupported details null.
Primary product
Smart electric and water meters as a service, with waste-management sensors/software as an adjacent product line.
Founded
2021
Headquarters
Lausanne, Vaud, Switzerland
Team size
1-10
Industry
Utilities
Sub-industry
Smart metering / IoT resource management
Business model
B2B
subscription SaaS
hardware + software
metering-as-a-service
Funding
Stage
Seed
Total raised
$275K
Latest round
Grant · Nov 2022
Latest amount
$150K
People & investors
Work & culture
Product & market
Pricing
Subscription software with no upfront hardware cost; metering-as-a-service
Differentiators
- —Plug-and-play installation in about 5 minutes
- —No upfront hardware cost
- —Claims to be 5x cheaper than existing smart metering alternatives
- —Private LoRa network with remote wireless data delivery
- —Supports electricity, water, gas, heat, and waste use cases
- —Real-time monitoring, fraud detection, dynamic pricing, and predictive maintenance
Technology
LoRa
IoT transceivers
smart meter hardware
multizone Time-of-Flight (ToF) sensors
AA battery-powered devices
subscription web platform
role-based access control
analytics/reporting
C++
C
Zephyr RTOS
Amazon Sidewalk
LoRa Basics Modem
Customers
utilities
municipalities
cities
waste managers
companies
industries
Competitors
Itron
Landis+Gyr
Kamstrup
Badger Meter
Sensus (Xylem)
Scale & contact
Estimated revenue
About $330K ARR (2025 estimate)
Estimated monthly visits
684
Traffic estimate as of Sep 2025
Latest news
Evoly blog · Jan 2024
Company blog post highlighting expected product improvements, including longer battery life and more accurate metering.
Evoly blog · May 2023
Explains Evoly Waste deployments and the value of real-time bin monitoring and route optimization.
Startupticker · Nov 2022
Reports the Venture Kick award and identifies Hassan Lantry as CEO and Sami El Bouari as CTO.
Y Combinator · Jul 2022
YC launch material describing Evoly's smart metering product, early deployments, and customer focus.
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