equiwatt, a Newcastle Upon Tyne, UK-based energy management company, has secured £700,000 in funding.
Investors
The funding comes from the North East Venture Fund (NEVF), managed by Mercia Ventures and supported by the European Regional Development Fund (ERDF). NEVF provides investments ranging from £200,000 to £1 million to early-stage companies, particularly in sectors like technology, healthcare, and clean energy.
equiwatt Use of Funds
The company will use the funds to expand its operations and roll-out of a new SaaS platform.
About equiwatt
Founded in 2020 by Dr. Johnson Fernandes, equiwatt is a clean energy technology company focused on managing domestic energy demand. The company offers powerResponse, a SaaS platform designed for utility companies and low-carbon technology manufacturers. This platform enables businesses to manage and monetize the flexibility of their customers' energy assets, participate in flexibility markets, and enhance customer engagement. The company's technology integrates seamlessly with smart meters and low-carbon devices, such as heat pumps, electric vehicle chargers, and batteries.
Funding Details
Company: Equiwatt Ltd
Raised: £700,000
Round: Unknown
Funding Date: April 2025
Investors: North East Venture Fund
Company Website: https://www.equiwatt.com/
Software Category: Energy Management, SaaS
Source: Pauline Rawsterne, PR Agent, Turquoise PR