Elevolt
Date of Foundation
2018

Elevolt

The Idea origin story

Elevolt is an energy optimization startup that transforms buildings into smart, efficient, and revenue-generating units. Our patented technology provides real-time, device-specific data, empowering automated control for energy efficiency. This also facilitates our clients' active participation in electricity markets, slashing energy costs and CO2 emissions without demanding extensive renovations.

The Mission

vision: rethink the electricity use in modern environments mission: help people save their energy

Clients

Our primary customers are commercial property owners and managers as well as energy firms seeking to unlock new electricity services.

Problems we solve

Client’s problem

Buildings waste massive amounts of electricity due to outdated systems, lack of real-time data, and manual controls. This leads to high energy bills, lost revenue potential, and difficulty meeting CO₂ targets. Elevolt solves this by providing real-time data, smart control, and automated energy market access — cutting costs and unlocking new income.

Confirmation of problem

The problem is serious because energy costs are rising, CO₂ regulations are tightening, and the green transition demands flexible energy use — but most buildings lack the tools to deliver it.

Solution

Elevolt provides a plug-and-play system that creates real-time electricity data, optimizes energy use, and connects buildings to energy markets — enabling savings, flexibility, and new revenue.

Our technologies

This solution is based on technologies

At Elevolt, we leverage patented energy optimization technology to transform conventional buildings into smart, efficient and revenue-generating units. Our solution provides device-specific data in real-time that supports automated control for improved energy efficiency. Not only does this enable our clients - primarily commercial property owners, managers, and innovative energy firms - to participate actively in electricity markets cutting down their energy costs significantly but it also helps them reduce CO2 emissions considerably without needing comprehensive renovations. In essence, our mission is to invigorate

How it works

Our devices measure and control electricity use in real time. Data is sent to the cloud, where AI optimizes usage and market participation — fully automated, no renovations needed.

Value for the client

Elevolt delivers smart, cost-cutting energy efficiency while generating new revenue and reducing CO₂ emissions.

Market and strategy

Market size

275000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

0,001

% of the market

Is our goal in the next 3 years

Team

My name’s

Miska Karvinen

My key role in the product

My key role is as CEO and Founder, where I helm project management, product development, steer new patents, and provide overall leadership.

Team size and key members

Depending on your startup's needs, you could consider inviting a CTO for technical guidance, a sales and marketing expert to drive growth, or a financial advisor for budgeting strategies.

Competitors

Competitors

Our competitors range from automation titans like Siemens, Schneider Electric, ABB to nascent energy startups. They typically require complex integrations or focus solely on monitoring. Elevolt differentiates with a seamless system offering control, optimization and easy market access — no extensive renovations required.

Our Advantages

Elevolt combines patented hardware, real-time control, and AI-based optimization in a plug-and-play system — no renovations needed. We generate unique device-level data, enable energy savings and new revenue from electricity markets, and automate everything. It’s fast to deploy, scalable across buildings, and built for the energy transition.

Business model

We make money through three recurring revenue streams: a yearly SaaS license, a share of energy market revenue, and monetization of building-level energy data.

Traction

Over the past six months, our product has reached full development, successfully conducting two customer trials yielding over 20% net savings. We've initiated commercial sales and filed a novel patent while also engaging with several potential strategic partners.

Over the next two years, our goal is to become profitable with over 100 operational buildings, an annual recurring revenue exceeding €1M aided by AI optimization rollouts, and form strategic partnerships for European expansion.

Metrics

Our metrics include average device-level savings of €87 p.a., 20%+ reductions at the building level, rapid customer payback time under three months, and robust ARR per structure. Steady improvement is evident with each implementation while our pilot outcomes have surpassed goals. Boasting a rapidly expanding interest and pipeline growth over half-a-year period.

Having progressed past the pre-revenue stage, our service is now monetizing with successful sales and over 5 new commercial launches on the horizon. Our goal is crystal clear: to attain profitability by the close of 2026.

Incorporation

Our company incorporated in

Finland

Key risks

The main risks include slow adoption due to customer hesitation towards new technology, potential regulatory changes in the energy sector, and fierce competition from other energy solutions providers.

Investments

$

1200000

We raised investments

Our Investors

Founders 63%, Angels 37%

Rising Investments

$

1500000

Currently, we are raising investments

$

8000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

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Additional information

Growth