Elvaco AB

What Elvaco AB does

Elvaco AB is a privately held Swedish company headquartered in Kungsbacka that designs, manufactures and supplies end-to-end smart metering infrastructure and software. Its product portfolio spans gateways (Elvaco Edge, CMe2100 LTE, CMe3100 Ethernet, CMeX M-Bus Masters, CMeX50 wM-Bus receiver), internal communication modules (CMi series for Landis+Gyr, Kamstrup, Diehl, Itron, Engelmann meters), third-party meters (heat, water, electricity), sensors (Elvaco Sense indoor sensors and Elsys LoRaWAN sensors), and accessories. The technology stack supports wired M-Bus, Wireless M-Bus, LoRaWAN, NB-IoT and LTE connectivity, with a proprietary One-Touch Commissioning flow and a Key Management System (KMS) handling device security. Over 10 million metering devices have been integrated into Elvaco infrastructure worldwide across more than 35 years in the industry.

The company operates two distinct cloud software platforms: Elvaco Evo, a managed data and device management system offered as Metering as a Service / Software as a Service with custom dashboards, alarm visualization and branding options; and Elvaco Play, launched April 2026, a self-service cloud platform that normalizes meter and sensor data across vendors and protocols with a freemium tier and per-meter-point pricing for higher data granularity. Distribution combines direct enterprise sales, regional offices in Sweden, Germany and the UK, an e-commerce webshop, and a formal Partner Program serving system integrators and meter OEMs through the Elvaco Connectivity Inside OEM offer. Primary customer verticals are utilities (network monitoring, leakage detection, energy optimization), real estate and property owners (submetering for compliance and cost allocation), submetering service providers, and adjacent applications including EV charging, solar and greenhouse climate.

Revenue is generated through hardware product sales (gateways, meters, sensors, modules, accessories), recurring software subscriptions on Elvaco Evo and Elvaco Play, professional services delivered via partners, and OEM licensing of the Elvaco Connectivity Platform. The company is privately held with no disclosed institutional investors, achieved first-time ISO 27001 certification in March 2026, and acquired cThings in May 2025 to extend IoT capabilities.

Name

Elvaco AB

Legal name

Elvaco AB

Website

https://elvaco.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Elvaco AB is a privately held Swedish manufacturer and supplier of end-to-end smart metering infrastructure — gateways, meters, sensors and communication modules supporting M-Bus, LoRaWAN, NB-IoT and LTE — together with Elvaco Evo and Elvaco Play cloud software, serving utilities, real estate owners and submetering providers across Europe, the Middle East and North America.

Ownership category

akta.pro rank

Product category

Smart Metering Infrastructure

NAICS

Totalizing Fluid Meter and Counting Device Manufacturing (334514), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

AMI/AMR Smart Meter Deployment & Operations (Head-End, Network & MDM) (EUAJACAD)

akta.pro secondary industries

Customer Premise Equipment Interfaces (Regulators, ERTs/Modules & Indoor/Outdoor Meter Sets) (EUAJACAE), Metering Data Acquisition & Customer Enrollment/Onboarding Services (EUAGAEAG), Energy & Sustainability Management (Energy Audits/Optimization/Carbon & ESG Programs) (IMAIAAAM)

Keywords

• Smart metering solutions
• M-Bus gateways
• Submetering hardware
• IoT metering infrastructure
• Meter data cloud platform

Headquarters

HQ city

Kungsbacka

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Products: Sale of meters, sensors, meter modules, gateways, and accessories for metering infrastructure. Products include heat meters, water meters, electricity meters, temperature/humidity sensors, and communication modules.
2. Software Subscriptions (Elvaco Evo): Cloud-based software platform providing data collection, visualization, and analysis services. Services include Metering as a Service, Software as a Service, and Partner Program offerings.
3. Elvaco Play Platform: Self-service cloud platform with free tier (device management, digital twin, secure connectivity, daily values) and paid tier for higher data granularity (hourly or 15-minute values priced per meter point).
4. Professional Services: Implementation support, communication solutions, deep analysis and optimization services through selected partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Elvaco AB is a manufacturer and supplier of communication equipment and software for the collection, processing and management of metering data. The company provides end-to-end smart metering solutions including gateways, M-Bus masters, meters, sensors, and communication modules, complemented by cloud platforms (Elvaco Evo and Elvaco Play) that normalize meter and sensor data across vendors and networks. Target customers are utilities, real estate/property owners, and submetering service providers requiring remote reading, submetering, and indoor climate measurement.

Product overview

Elvaco AB offers a comprehensive smart metering portfolio organized into six product categories: Infrastructure (gateways, masters, receivers), Meters (heat, water, electricity from manufacturers like Landis+Gyr, ABB, GWF, Engelmann), Sensors (Elvaco Sense, Elsys LoRaWAN, CMa series), Meter modules (CMi communication modules for major meter brands), Accessories (antennas, enclosures, converters, cables), and Software & Services. The software portfolio includes two distinct platforms: Elvaco Evo (cloud-based data management system for collection, visualization, and analysis) and Elvaco Play (newer self-service cloud platform launched April 2026 that normalizes data across vendors and networks with automated onboarding). Key products include Elvaco Edge Gateway (supporting wired/wireless M-Bus over LTE-M/NB-IoT with IP65 outdoor variants), CMe2100/CMe3100 metering gateways, and Elvaco-branded Sense sensors. The company emphasizes open standards (M-Bus, LoRaWAN, NB-IoT, OMS LPWAN) and vendor-agnostic architecture to prevent customer lock-in.

Differentiator

Problem solved

Functional benefit

Brands

• Elvaco Evo: Cloud-based system for data and device management; collection, visualization and analysis platform for metering data.
• Elvaco Play
• Elvaco Edge

Products and services

• Elvaco Edge Gateway Versatile gateway for remote meter reading supporting wired M-Bus (EN 13757/EN1434 and OMS) and wireless M-Bus, communicating via LTE-M and NB-IoT mobile networks. Available in indoor and IP65 outdoor variants supporting 4T (up to 4 meters), 128T (up to 128 wired meters), and 1000+ wireless M-Bus meters, with battery-powered variants offering 10+ year lifetime.
• Elvaco Evo Cloud-based system for data and device management, providing collection, visualization and analysis of metering data. Features include 24/7 meter data access, real-time collection tracking, alarm visualization, custom dashboards, and branding options. Delivered as Metering as a Service, Software as a Service, or via the Partner Program.
• Elvaco Play Self-service cloud platform that digitalizes meters and sensors with instant cloud access, commissioning, management and integrations. Normalizes data across vendors and networks, with guided installation flows, digital twin, and secure key handling. Offers a free tier (daily values, device management, digital twin, secure connectivity) and a paid tier with hourly or 15-minute data granularity priced per meter point.
• CMe2100 LTE Gateway M-Bus Metering Gateway for mobile networks (LTE), enabling concentration of meter data and integration with MDM or local automation systems.
• CMe3100 Gateway M-Bus Metering Gateway for fixed network (Ethernet), providing robust and reliable meter data collection for local system integration.
• Elvaco Sense Sensors (100W, 200W, 300W) Elvaco-branded wireless M-Bus indoor sensors. Sense 100W measures temperature, Sense 200W measures temperature and humidity, and Sense 300W is a CO2 multisensor for indoor environments. All are Play Ready devices.
• Elsys LoRaWAN Sensors Elsys-branded LoRaWAN sensors including ERS (indoor sensor), EMS (indoor sensor with variants), ELT (outdoor sensor with ultrasonic options), and air quality sensors. Measures temperature, humidity, CO2, VOC, light, motion PIR, occupancy, sound, and distance.
• CMeX10-11 M-Bus Master M-Bus Master supporting 32-64 meters, extending reach and number of wired M-Bus devices.
• CMeX10S-13S M-Bus Master M-Bus Master supporting 32-256 meters for larger metering installations.
• CMeX50 Wireless M-Bus Receiver Wireless M-Bus receiver for collecting meter values from wireless M-Bus devices.
• CMi Communication Modules Internal communication modules for meters (Landis+Gyr, Kamstrup, Diehl, Itron, Engelmann) supporting LoRaWAN, NB-IoT and GPRS connectivity.
• Meters (Heat, Water, Electricity) High-quality meters from renowned manufacturers including Engelmann (WaterStar, SensoStar), GWF (UNICO, MTK, MTW, Sonico NANO), Carlo Gavazzi (EM series), ABB (B21/B23/B24, D11/D13), Landis+Gyr (E220, E350, T230, UH50, UC50).
• Accessories Antennas (magnetic foot, wall mount, disc, omni), M-Bus accessories (splitters, E/A modules, D/A converters), enclosures (CM-Box 3/5/9/12), converters (PadPuls M1C/M2/M2C/M2W), cables, and pole mount kit for Elvaco Edge.
• Elvaco LoRaWAN Ultrasonic Level Sensors LoRaWAN Ultrasonic Level Sensors powered by Elsys technology for monitoring containers, sewers and cisterns.
• Elvaco Connectivity Inside (OEM Offer) OEM offer for integrating the Elvaco Connectivity Platform into metering and control devices, enabling connectivity and data management capabilities for OEM partners.

Quantifiable outcome

• More than 10 million metering devices integrated into Elvaco infrastructure
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

One partnership is on record.

• HBVcoreChannel Partner/ Reseller/ Distributor · 27 February 2026HBV is a Swedish purchasing organization owned by municipal housing companies, supporting the public housing sector through coordinated procurement and framework agreements. Elvaco has been qualified as a supplier under HBV's framework agreement for submetering for Contract Area F - Services, marking the third contract period in a row. Elvaco offers elvaco.evo, their open and scalable platform for submetering and energy data management, under this agreement.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Landis+Gyr: Global leader in smart electricity, gas, and water metering with end-to-end AMI solutions. Comparable as a supplier of metering infrastructure and MDM platforms; significantly larger scale than Elvaco.
• Itron: Global AMI provider for utilities with meters, communication modules, and head-end systems. Comparable in offering breadth and utility customer focus; much larger and publicly listed.
• Sagemcom: European-headquartered provider of smart metering and energy management solutions. Overlaps with Elvaco in AMI, MDM, and utility customer segment.

Direct peers

• Kamstrup: Danish manufacturer of smart heat, water, and electricity meters with wireless M-Bus and cloud platforms. Direct peer in submetering and utility metering with similar European footprint.
• Diehl Metering: German supplier of smart metering solutions for heat, water, and electricity with focus on European utilities and submetering. Directly comparable in product range, technology stack, and customer base.
• Engelmann Sensor: German heat and water meter manufacturer whose products Elvaco resells and integrates. Comparable in submetering use cases and European municipal housing segment.
• Zenner International: German manufacturer of smart meters and IoT solutions for utilities and property metering. Comparable product portfolio across heat, water, and electricity meters with radio and M-Bus.
• Apator: Polish metering and IoT solutions provider serving utilities and property managers across Europe. Comparable in submetering and AMI use cases with multi-protocol gateways.
• Techem: German-based submetering service provider for residential and commercial properties. Comparable in submetering service model and European property-owner customer segment.

Emerging players

• qonda (Minol-ZENNER Group): Cloud-based IoT platform for submetering and property data management. Comparable to Elvaco Play's vendor-agnostic data normalization and self-service onboarding model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elvaco-ab

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Elvaco AB