Boldr Raises £980k to Revolutionize Home Energy Management

Boldr Raises £980k to Revolutionize Home Energy Management

London, UK-based startup, Boldr, has successfully secured £980,000 ($1.2m) in a recent funding round led by Ada Ventures, FP Solutions VC, Techstars, Focal, and Norrsken. Established in 2022, Boldr specializes in retrofitting home heating and cooling systems with innovative, energy-saving products that can be seamlessly managed through its software platform.

The company’s platform empowers users to control heating, ventilation, and air conditioning systems of any make. Boldr’s ambitious vision extends beyond climate control, with plans to incorporate management capabilities for electric vehicles, solar panels, and home batteries.

Boldr has already made a significant impact, shipping over 6,000 units across Europe and North America. The startup anticipates robust revenues, forecasting $2 million (£1.6m).

Ada Ventures co-founding partner, Matt Penneycard, believes Boldr plays a crucial role in accelerating the green transition by integrating connected households into the solution and stabilizing energy grids.

Lewis Hong from FP Solutions VC likened Boldr to the “Apple of home energy,” highlighting its profitability, sticky solution, and compatibility with existing heating systems. Angel investors, including Octopus Electric Vehicles CEO Fiona Howarth and LOVEFiLM co-founder Simon Franks, further emphasize the confidence in Boldr’s potential.

Boldr’s co-founder and CEO, Madi Ablyazov, expressed gratitude for the extensive investor support, emphasizing the company’s ambition to launch new products and develop an energy operating system, turning households into a solution for the stability of green energy grid.