Evoly

Evoly is an early-stage cleantech company founded in 2020 and headquartered in Lausanne, Switzerland (with US operations listed as Remote, OR), that transforms legacy energy and water meters into smart, connected devices at a fraction of incumbent costs. Their core product is a plug-and-play LoRa-based transceiver that attaches to any existing meter - regardless of manufacturer, type, or protocol - and can be installed in just five minutes. Combined with a subscription-based software platform, Evoly enables utilities and municipalities to remotely read meters, detect leaks and anomalies in real time, automate billing, and visualize network performance - all with no upfront hardware cost. The transmitters run on standard AA batteries with a 15-year lifespan, making ongoing maintenance minimal.

What sets Evoly apart is its dramatic cost advantage: the company claims its solution is 5x cheaper than incumbent smart meter systems and can save utilities up to $4 million per year. Rather than requiring utilities to rip and replace expensive legacy infrastructure, Evoly's universal compatibility and plug-and-play design allow for rapid, low-disruption deployment at scale. The platform stores unlimited historical data, supports predictive analytics for consumption trends, and includes a real-time alert system for threshold breaches and anomalies - giving operators the situational awareness needed to run leaner, more efficient distribution networks.

Evoly is a Y Combinator Summer 2022 (YC S22) alum, giving the company strong early validation and access to a global investor network. As the US grid modernization push accelerates - driven by federal investment in advanced metering infrastructure (AMI) and grid resilience - Evoly's cost-effective, retrofittable smart metering solution is well-positioned to help smaller utilities and municipalities that have historically been priced out of full AMI deployments. By democratizing access to real-time consumption data, Evoly supports a smarter, more responsive energy and water delivery supply chain.