# Sunnovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sunnovations

- Industry: Renewable Energy
- Headquarters: McLean, US
- Website: www.sunnovations.com
- Latest round: Series A (Mar 17, 2011)
- Investors on record: 1

## About

Sunnovations develops innovative smart water heater controllers designed to improve the energy efficiency and convenience of residential water heating systems.Sunnovations focuses on providing smart water heater technology. The company's headquarters is located in McLean, US. In March 2012, Sunnovations secured USD 0.20 million in funding from the Center for Innovative Technology, marking a pivotal moment in its financial history. The company is led by a team of CEOs: Juan Bustos, Matthew Carlson, and Ricardo Nuñez.Sunnovations specializes in retrofittable smart water heater controllers that enhance the efficiency and functionality of electric and gas water heaters. Their primary product integrates WiFi capabilities, allowing users to manage their water heating schedules remotely through a smartphone application. The controller learns household hot water usage patterns to optimize heating times, ensuring hot water availability while minimizing energy consumption. This product caters to homeowners seeking affordable upgrades to existing water heating systems, appealing to a diverse customer base across the US and select markets in Canada.Sunnovations generates revenue primarily from direct sales of its flagship product, the Aquanta water heater controller, priced at USD 149. The company sells directly to consumers through its website, providing a straightforward purchasing process with installation guidance. This approach fosters strong customer relationships and encourages repeat purchases based on positive user experiences regarding energy savings and comfort.In March 2012, Sunnovations received USD 0.20 million in funding, which will be utilized to enhance product development and expand market reach. The company aims to launch new water heating technology in the near future, focusing on expanding its geographic presence into additional markets in Canada by 2023.

## Funding rounds

- Series A, Mar 17, 2011 — Two Seven Ventures

## Investors

- Two Seven Ventures (https://capitalatlas.ai/funds/two-seven-ventures) — Series A