Enevo

Enevo Oy
Privately held company
Industry Information Technology & Services, Waste Management, IoT
Founded 2010 [1]
Headquarters Espoo, Finland [1]
Key people
 Fredrik Kekäläinen, CEO,[2] Johan Engström CTO
Products Enevo ONe Collect
Number of employees
 25 (2014)
Website www.enevo.com

Enevo (Enevo Oy in Finland) is a Finnish provider of intelligent wireless sensors that measure and forecast fill-levels in waste containers in order to optimize collection intervals and routes based on this data. The underlying idea is to generate economically optimal routes and schedules for waste trucks so that they can drive less while picking up more trash. The company estimates that it can reduce waste collection costs by up to 50%.[3] Enevo rents its sensors for a monthly fee to big and small municipalities. The company is active in 25 countries.[4]

Enevo was founded in 2010 and is led by Fredrik Kekäläinen and Johan Engström.

Company history

In April 2013 Enevo raised €2 million ($2.6 million) in funding from Finnish Industry Investment and Lifeline Ventures to fuel international growth.[5]

In November 2013 the company announced it had signed service contracts with waste management companies in Finland,[6] Norway and Denmark.[7]

In August 2014 the company announced that it had raised $8 million from Earlybird, Lifeline Ventures, Finnish Industry Investment, Draper Associates and Risto Siilasmaa, among others. The funding will be used to grow and bring the sensor-based waste collection system to global markets.[8]

References

  1. 1 2 "Enevo Oy, Yrityshaku". taloussanomat.fi. Retrieved Jan 7, 2014.
  2. ↑ "Enevo - Contact". enevo.com. Retrieved Jan 7, 2014.
  3. ↑ http://enevo.com. Enevo. Missing or empty |title= (help); External link in |website= (help);
  4. ↑ Federico, Guerrini. "From Espoo To New York City: How A Finnish Startup Is Trying To Disrupt The Waste Management Industry". Forbes. Retrieved 6 November 2014.
  5. ↑ "Garbage in, data out: Enevo gets funding for its smart waste services". gigaom.com. Retrieved Jan 7, 2014.
  6. ↑ "Enevo announces new deals with Finnish municipal waste management companies". enevo.com. Retrieved Jan 7, 2014.
  7. ↑ "Enevo announces new deals in Norway and Denmark". enevo.com. Retrieved Jan 7, 2014.
  8. ↑ "Enevo closes $8 million in funding". Enevo. Retrieved 6 November 2014.

External links

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