In the EU, standby losses of electric water heaters are equivalent to the emissions of 2.5 million cars. Excess CO2 and unnecessary cost can be avoided by using a simple plug adapter on existing appliances.
Klugit’s plug & play IoT device converts existing electric water heaters into smart devices. Using AI, the device learns the hot water usage routine and heats up water when needed, thus avoiding thermal losses and reducing the electricity bill by up to 60 EUR/year per family (offering a clear return on investment in year 1). A Wi-Fi connection enables demand-response operations like load-shifting, peak shaving or priority switch to renewable energy.
Klugit’s technology has seen commercial interest from major distributors, utilities and manufactures seeking to commercialize their solutions. After a brief Kickstarter campaign, over 130 devices were sold in just 22 days!
Circklo's Start-up Configurator is designed to offer you insights into the dos and don’ts of venture capital financing, while making it easier for you to scale.
We matchmake you with the right investors and / or client-side decision makers.
We introduce you to the best mentors for you, as founder/executive team.
We take pitch readiness to a whole new level (just ask our start-ups!), and our own team of investors show you the playbook of term sheet negotiation, start-up valuation and cap tables for all your fundraising scenarios.