Wyse Meter Solutions

What Wyse Meter Solutions does

Wyse Meter Solutions is a Canadian private company founded in 2006 and headquartered in the Greater Toronto Area (Concord/North York, Ontario) that provides smart submetering and utility expense management services to multi-residential and commercial buildings across Canada. The company installs smart meters that measure per-suite consumption of electricity, water, gas, and thermal energy, transmits data remotely to its billing cloud, and issues individual utility bills to residents, with building owners, developers, property managers, and condominium corporations as the primary B2B customers and residents as the end users. Its core technology stack combines smart metering hardware, the WyseDATA portfolio analytics portal for property managers, the MyAccount resident self-service portal, and add-on modules including HVAC optimization (Parity), EV charging (EVSTART), heat pump integration (BONDI partnership), and consolidated add-on billing for amenities.

Wyse makes money primarily through recurring monthly service and administrative fees on each resident account, supplemented by one-time account setup fees, a 2.25% credit card transaction processing fee, hardware sales for heat pump and EV charger installations, managed services for HVAC optimization, and usage-based billing for EV charging. The business serves residential rental, condominium, mixed-use, affordable housing, commercial, and student housing segments. It is licensed by the Ontario Energy Board (ES-2024-0213) and holds public utility status regulated by the BCUC in British Columbia.

As of 2024 the company reported 330,000 suites under service across Canada, an over 100-person team, and verified 100% three-year revenue growth that earned it a fifth consecutive Globe and Mail Top Growing Companies ranking. In February 2025 Wyse completed the acquisitions of EVSTART and RateSwitch to bring EV charging infrastructure and utility rate-switching capabilities in-house, while ONCAP (Onex) is the disclosed institutional investor from a 2018 funding round.

Name

Wyse Meter Solutions

Legal name

Wyse Meter Solutions Inc.

Website

https://wysemeter.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Wyse Meter Solutions is a Canadian provider of smart submetering and utility expense management for multi-residential and commercial buildings, serving 330,000 suites with integrated metering, billing, analytics, HVAC optimization, and EV charging solutions.

Ownership category

akta.pro rank

Product category

Utility Submetering & Billing Services

NAICS

Utilities (22), Water Supply and Irrigation Systems (221310), Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Totalizing Fluid Meters & Counting Devices (3824), Electric, Gas & Sanitary Services (4900), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Submetering & Multi-Unit Property Billing (MUDs, submeters, RUBS, landlord/tenant billing) (EUANAIAK)

akta.pro secondary industries

AMI Smart Meters (Electric) & Meter Hardware (EUADAFAA), Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW) (EUANAKAC), Meter Installation, Exchange & Field Services (EUADAFAF)

Keywords

• Smart submetering solutions
• Utility billing services
• Utility expense management
• EV charging infrastructure
• HVAC optimization services

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Utility Submetering & Billing Services: Wyse installs and operates smart meters in multi-residential and commercial buildings, measures individual suite consumption of electricity, water, gas, and thermal energy, and bills residents/tenants monthly for their actual usage. Building owners/property managers are the primary B2B customer while residents are the end-use customers billed.
2. Monthly Service / Administration Fees: Wyse charges monthly service fees as part of each customer's bill, which cover billing, payment processing, account tracking, and account management services. These fees are outlined in the Utility Service Contract and appear on each monthly bill.
3. Account Setup Fee: A one-time account setup fee is charged on the first bill, covering the cost of establishing a new utility account including meter reading on move-in and move-out days.
4. HVAC Optimization (Parity): Wyse installs HVAC control sensors across buildings and provides optimization services, sending control adjustments to building HVAC platforms. Revenue is generated through the service relationship with building owners/operators.
5. EV Charging Infrastructure & Billing: Wyse supplies and installs EVSTART smart chargers in residential buildings and bills drivers for electricity consumption. Chargers are Wi-Fi connected to Wyse's cloud platform.
6. Heat Pump Installation & Billing: Wyse installs heat pump equipment in-suite and on balconies. For Wyse metered suites, the electricity to power the heat pump is automatically included in the suite bill.
7. Credit Card Payment Processing Fee: A service fee of 2.25% is applied to all credit card payments made through MyAccount.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Wyse Meter Solutions installs and operates smart submetering infrastructure in multi-residential, condominium, mixed-use, commercial, affordable housing, and student housing buildings across Canada. The company measures per-suite consumption of electricity, water, gas, and thermal energy, and bills residents and tenants for their actual usage through monthly utility bills. Complementary offerings include HVAC optimization (Parity), EV charging infrastructure (EVSTART), heat pump retrofits, and data analytics through the WyseDATA portal.

Product overview

Wyse Meter Solutions offers a unified utility management platform combining core submetering and billing services with complementary add-on modules. The core offering is Utility Submetering & Billing using smart meters to measure individual suite consumption, paired with the WyseDATA portal for property managers to track utility data across portfolios. Customer-facing access is provided through the MyAccount portal. Additional services include EV Charging (via EVSTART partnership), HVAC Services including the Parity optimization tool, Add-on Billing for amenities, Heat Pump Retrofits, and the Wyse Renovation Water Retrofit Program. The platform serves residential, condominium, mixed-use, affordable housing, commercial, and student housing markets.

Differentiator

Problem solved

Functional benefit

Brands

• MyAccount: Customer portal for residents, tenants, and condo owners to manage accounts, view bills, and track utility usage.
• WyseDATA
• Parity
• EVSTART
• Wyse Helping Homes Program

Products and services

• Utility Submetering & Billing Core service that installs smart meters in building service rooms or individual suites, measures per-suite consumption of electricity, water, gas, and thermal energy, transmits data via remote electronic meter reading, and bills residents/tenants monthly for actual usage. Designed for building owners, developers, and property managers of multi-residential buildings.
• WyseDATA Utility Data & Reporting Fully integrated data analytics and visualization portal for building owners and managers to track energy consumption, water usage, and utilities expenses in real time across their portfolio down to the building level. Includes bulk bill processing support, ESG data reporting, and AES-256 encryption.
• MyAccount Customer Portal Self-service customer portal allowing residents and tenants to view current bills, balances and due dates, smart meter consumption data, suite usage, bill history, and transaction/payment history. Includes e-billing, Pre-Authorized Payment enrollment, and quick pay options.
• HVAC Services (Parity) Heating and cooling optimization services for building owners featuring innovative temperature control and sustainability measures. Includes the Parity HVAC optimization tool that installs Wi-Fi connected control sensors across buildings and sends control adjustments to the building HVAC control platform every minute for energy and operational efficiency.
• EV Charging (EVSTART) Electric vehicle charging infrastructure services for residential buildings. Wyse supplies and installs Wi-Fi connected smart EV chargers in residential parking areas and bills each driver for electricity consumption through the standard utility billing platform.
• Heat Pump Retrofits Heat pump equipment installed in-suite and on balconies, providing three times the efficiency of traditional heating methods. Electricity to power the heat pump is automatically included in the suite bill for Wyse metered suites, delivered through a co-development partnership with BONDI.
• Wyse Renovation Water Retrofit Program Water submetering program tailored for building renovation projects, featuring open protocol communications and compact smart meter design that integrates with suite turnover.

Quantifiable outcome

• 30% reduction in electricity usage when suites are submetered
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• EVSTARTcoreTechnology or IntegrationEVSTART is described as an electric vehicle (EV) charging leader dedicated to solving building infrastructure challenges. Wyse's EV Charging services are rooted in EVSTART, with Wyse supplying and installing smart Wi-Fi-connected EV chargers and billing each driver for their electricity consumption through the Wyse platform. For service calls, customers contact EVSTART at 1.800.636.0986.
• BONDIcoreStrategic or Co-development PartnerBONDI is an energy solutions company and co-development partner with Wyse. The partnership pairs Wyse's submetering solution with BONDI's heat pump retrofit services into one full-scope solution for building owners. BONDI co-founder Belinda Gilbey is quoted as saying the two companies share similar value propositions of reducing energy consumption and increasing value for customers. The partnership enables owners to submeter heat pump electricity consumption in individual suites.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Conservice: US-based utility billing and submetering provider focused on multifamily and commercial properties, already a partner of Wyse via the Synergy Client portal. Most directly comparable business model — recurring per-unit utility billing plus data analytics for property managers.
• Q Metering Corporation (QMC): Canadian submetering provider offering electricity, water, gas, and thermal metering plus utility billing for multi-residential buildings. Closest Canadian head-to-head competitor with overlapping regulatory frameworks and customer segments.
• National Metering Services: US submetering company serving multifamily and commercial properties with electricity, water, gas, and thermal submetering plus billing. Directly comparable in product offering and customer type to Wyse.

Broad incumbents

• Enercare: Canadian provider of home and commercial services including submetering, HVAC, water heaters, and EV charging under Brookfield ownership. Competes with Wyse across multiple product lines (submetering, HVAC) but as part of a much broader home services portfolio.
• Itron: Global leader in AMI smart meters, meter data management, and utility analytics serving electric, water, and gas utilities. Operates at much larger scale than Wyse, but the AMI/IoT platform competes for the same smart metering, data analytics, and ESG reporting budget.
• Landis+Gyr: Global smart metering and grid management provider serving utilities and large energy customers. Competes with Wyse at the smart meter and data analytics layer though focused on utility-scale deployments rather than building-level submetering.
• Badger Meter: US-listed manufacturer of flow measurement and smart water metering solutions serving water utilities, multifamily, and commercial markets. Overlaps with Wyse's water submetering hardware and AMI analytics, but as a hardware-and-software manufacturer rather than an installer-biller.
• Mueller Systems: Provider of smart water metering infrastructure and AMI solutions for utilities and large property portfolios. Comparable technology stack to Wyse's water metering layer but typically sells to utilities rather than operating its own billing service.
• Reliance Home Comfort: Canadian provider of HVAC, water heating, plumbing, and EV charging services to residential customers, owned by American Water Works. Competes with Wyse on the HVAC/heat pump and EV charging add-on services though focused on single-family rather than multifamily.

Others

• BONDI: Canadian heat pump retrofit co-development partner of Wyse, providing low-carbon heating and cooling solutions to building owners. Included as an adjacent ecosystem partner that helps Wyse deliver its full energy management stack to customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wyse-meter-solutions-inc-
• Instagraminstagram.com/wysemeter

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wyse Meter Solutions