# Enviro Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enviro-power

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: US
- Website: www.enviropowertec.com
- Latest round: Series A (Jan 9, 2020)
- Investors on record: 2

## About

Enviro Power, LLC, based in the US, specializes in innovative energy solutions, primarily through its SmartWatt Boiler, which enhances heating systems by converting waste heat into electricity, promoting sustainability in various sectors.Founded in 2013, Enviro Power, LLC focuses on developing advanced heating systems. The firm is headquartered in the United States. The company's leadership includes CEOs Dan Nadav and Michael Cocuzza. The firm has successfully closed two deals, with the most recent funding round on May 12, 2023, where it raised USD 25,000 in venture funding led by Hillside Ventures. This funding has contributed to the total amount raised, which is USD 25,000.Enviro Power Technologies primarily offers the SmartWatt Boiler, an advanced heating solution that incorporates a mini power plant within a boiler system. This product efficiently converts heat lost in conventional boilers into usable electricity, aimed at the decarbonization of buildings by replacing outdated heating systems. The SmartWatt Boiler operates with nearly 98 percent efficiency and is designed for straightforward installation as a replacement for traditional heating and hot water systems. Its primary users include apartment complexes, college dormitories, and various commercial buildings in the United States, assisting property owners in achieving energy independence and lowering operational costs.The revenue structure of Enviro Power Technologies is based on sales of the SmartWatt Boiler and related services such as installation and maintenance. Sales are conducted mainly through direct transactions with property owners and commercial clients, with opportunities for partnerships with energy efficiency programs. The business model focuses on client relationships aimed at transitioning to efficient energy solutions, ensuring a steady revenue stream through both product sales and service agreements. The SmartWatt Boiler allows clients to benefit from improved heating efficiency and on-site electricity generation, aligning with trends toward energy independence and sustainability.Enviro Power plans to enhance its growth through the development of new products and expansion into new markets. The recent funding raised on May 12, 2023, will be utilized for business expansion and go-to-market strategies. The company aims to target additional geographic regions as part of its growth initiatives, although specific locations have not been detailed.

## Funding rounds

- Series A, Jan 9, 2020 — Connecticut Innovations, Burnham Holdings, Inc.

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A
- Burnham Holdings, Inc. — Series A