Ivy Energy is a renewable energy technology company specializing in solar energy solutions for multi-tenant properties. It was founded in 2019 and is headquartered in San Diego, California. Ivy Energy's primary offering is the Virtual Grid Cloud software, which simplifies the distribution and billing of solar energy across multi-unit real estate properties. The company's mission is to enable property owners to monetize solar assets while offering cost-effective clean energy solutions to tenants. Recently, Ivy Energy secured $18 million in Series A funding, led by Smart Energy Technology leader SolarEdge, to expand their operations and solutions.
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | San Diego, California |
| Founders | Information not available |
| Revenue | Estimated $1M-$5M annually |
| Profits | Information not available |
| Key Investors | SolarEdge, GreenSoil PropTech Ventures, AmFam Institute, Legacy Capital Ventures, Enki Solar Investments, Unit Leader |
| Industry | Renewable Energy Technology |
| Number of Employees | Estimated 6-10 |
Ivy Energy was established in 2019 with a vision to revolutionize the way energy is utilized in multi-tenant real estate. From its inception, the company aimed to solve the pervasive challenge of efficiently distributing and billing solar energy in shared buildings. Its flagship product, the Virtual Grid Cloud software, was developed to address this challenge by offering an intelligent, turnkey solution that merges sustainable energy distribution with financial profitability for property investors. This initial focus on software innovation positioned Ivy as a distinctive player in the renewable energy sector.
Ivy Energy's core business model revolves around its Software-as-a-Service (SaaS) platform, the Virtual Grid, which simplifies solar energy transactions across multi-unit properties. It empowers real estate investors by providing clear financial benefits through its solar technology:
Ivy Energy operates by enabling landlords to profitably supply solar energy to tenants, transforming traditional energy use in shared living spaces. The company stands out in the renewable energy market by offering:
Ivy Energy is a pioneering force in the renewable energy sector, focusing on transforming energy systems in shared residential spaces. Through innovative solutions like its Virtual Grid Cloud, the company not only streamlines solar energy distribution but also promotes environmental sustainability. Its recent substantial funding round indicates strong investor confidence and paves the way for further advancements. As energy regulations continue to evolve, Ivy Energy is well-positioned to lead in providing efficient and profitable clean energy solutions to multi-tenant property owners, contributing to a more sustainable future.