lit, a cleantech start-up that optimises energy consumption thanks to a patented plug & play device and proprietary algorithms for disaggregating electrical loads, has announced that it has closed a €570,000 investment round.
The operation was led by Zero, the cleantech accelerator that is part of CDP Venture Capital’s National Accelerator Network, with Eni as the main partner, with a follow-on investment from CDP Venture Capital and Zest. CDP Venture Capital also participated through the Accelerators Fund, together with Ortus Capital, Angels4Women and business angels.
lit, selected and accelerated by the third edition of Zero, has developed patented technology that allows the virtualisation of electricity meters, transforming a traditionally analogue infrastructure into a real-time digital platform. By disaggregating electricity consumption, lit is able to provide granular and actionable data on energy behaviour, enabling measurable savings for users and new services for businesses.
With over 100 proprietary energy profiles and a B2B customer base both in Italy and abroad, including some of the leading utilities, lit already has hundreds of active users who use the platform to monitor and reduce their consumption, improving sustainability and awareness.
“We want to make a sector that appears to be data-driven, but in reality is not yet so, truly data-driven: the energy sector,” said Alessia Lucentini, CEO of lit, in a statement. “Good intentions are not enough to enable the energy transition; informed, real-time decisions based on granular and accessible data are needed. Only in this way can users become an active part of the change and companies can offer new services on an objective basis. The first step is meter virtualisation, which transforms analogue infrastructure into a real-time digital platform. Energy disaggregation is the enabling technology for the energy of the future: it makes transparent energy possible, with clear, personalised tariffs optimised according to actual consumption behaviour.
“lit has developed an innovative patented technology that is enabling it to establish itself as an increasingly important and influential player in the cleantech world,” says Stefano Molino, Head of the Accelerator Fund at CDP Venture Capital. “We have great confidence in the skills and vision of the lit team, led by highly qualified entrepreneurs. lit fits perfectly with Zero’s objectives, and we are confident that it will contribute significantly to the energy transition.”
The capital raised will enable lit to accelerate its commercial scale-up in Italy and Europe, expand its team, consolidate its patent portfolio and strengthen the technological component of its platform, with the aim of becoming the benchmark data infrastructure for flexible, transparent and user-centric energy.
According to a recent report by the IEA and McKinsey, the global market for energy efficiency services exceeded $300 billion in 2023, driven by the need to reduce emissions and improve the sustainability of existing infrastructure. Digitalisation technologies, including load disaggregation, represent one of the segments with the highest potential, thanks to growing demand for smart, customised solutions from businesses and consumers.
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