The recent global energy crisis has disrupted lives and businesses, highlighting the urgency to back innovative energy startups aiming for a positive change. UK-based myenergi, a leading smart home energy tech manufacturer, stands out with their groundbreaking creation – Zappi – the world’s first solar-compatible EV charger.
News is in, they have secured a significant £30 million funding from Energy Impact Partners (EIP), a New York-based venture capital firm deeply invested in energy solutions. This comes on the heels of myenergi securing another £30 million in debt finance from HSBC earlier this year.
myenergi plans to deploy the fresh funds towards its future growth and internationalisation
World’s first solar-compatible EV charger and more
In 2016, Lee Sutton and Jordan Brompton founded myenergi with a vision to create a way for a more sustainable future. The company specialises in formulating a variety of innovative and environmentally friendly home energy technologies, such as the highly acclaimed solar-compatible zappi electric vehicle charge point, the eddi power diverter, and libbi smart home battery.
Apart from drawing power from the grid to charge an electric vehicle, zappi can utilise 100% renewable energy. This is achieved through continuous monitoring of self-generated power and directing any available renewable energy to the charger. Further, myenergi specialises in enabling consumers to oversee, handle, and optimise their personal renewable energy generation, enabling them to use energy in the most intelligent and efficient manner.
myenergi’s libbi can be inter-connected to create an unrivalled home energy ecosystem, allowing consumers to control their energy in the way that works best for them.
With the latest investment EIP’s Nazo Moosa will be joining the company’s board, which currently includes Sir Terry Leahy, former CEO of Tesco and Peter Richardson, former COO of Dyson. Moosa will help guide the company through the next phase of its journey to become the leading home energy management provider.
New appointments with the funding
Nazo Moosa, Managing Partner at EIP, said, “We are proud to back Lee and Jordan who have built a truly unique company in the climate sector that is both growing rapidly and is profitable. Zappi is already one of the leading charger brands in the UK and Ireland and with the success of its libbi energy storage product, we believe myenergi is in pole position to become the leading Home Energy Management provider.”
myenergi co-founder Lee commented: “We are delighted to have found an investor in EIP that truly understands our purpose, mission, vision and values. With the team’s extensive support, we will be able to further expand the products and services offered within our home energy ecosystem, making our solutions available to even more consumers worldwide. The investment will help to deliver our next generation of product development and innovation, including our planned growth in grid services – such as demand side response, allowing us to better support our customers in undertaking their own home energy transition. We will also be investing in service excellence to ensure that our customers benefit from the best frontline support.”
Co-founder Jordan added: “As we transition to a net zero future, it’s vital for consumers to be given easy and convenient ways to make the shift away from fossil fuels towards clean, green, renewable energy. We are really excited by the investment from EIP, which will help to bring our eco-smart products into more households, enabling our customers to monitor, manage and maximise their home energy, as well as reducing their emissions, streamlining their energy bills and ultimately empowering them to become more energy independent.”
Jordan Brompton, one of the founders of myenergi, has become a leading innovator in the smart home energy sector, developing products like zappi, and her dedication to promoting clean energy and empowering consumers has been a driving force behind myenergi’s success and positive impact on the transition to a sustainable energy landscape.
