elvaco aktiebolag

What elvaco aktiebolag does

Elvaco Aktiebolag is a Swedish private limited company founded in 1989 and headquartered in Kungsbacka, Sweden. The company designs, manufactures, and supplies smart-metering hardware, software, and services for utility companies, property companies (fastighetsbolag), and adjacent verticals. Its portfolio spans meters, sensors, meter communication modules (MCMs), outdoor gateways, accessories, and cloud-based platforms Elvaco Evo and Elvaco Play, supporting multi-protocol communication (M-Bus, Wireless M-Bus, LoRaWAN, NB-IoT, LTE, OMS LPWAN) for remote reading of electricity, gas, water, and heat meters. Elvaco also offers an OEM program (Elvaco Connectivity Inside) that embeds its connectivity platform into third-party measurement devices, and reports more than 10 million measurement products connected via its gateways.

The underlying technology stack combines proprietary communication modules certified against major meter OEMs (Landis+Gyr, Kamstrup, Diehl, Itron, ABB, Engelmann) with cloud-based device and data management, One-Touch Commissioning, and a Key Management System for secure provisioning. The company operates from offices in Sweden (HQ), Germany, and the United Kingdom, serving customers across Europe, the Middle East, and North America; an annual Elvaco Energy Day event is hosted at headquarters. Elvaco achieved ISO 27001 certification in March 2026 with zero non-conformities.

Elvaco generates revenue through three streams: one-time/perpetual hardware sales (meters, modules, gateways, accessories) via direct field sales, a B2B web shop, and partner/reseller channels; recurring software subscriptions for the Elvaco Evo and Elvaco Play platforms; and professional services for system integration and support. Anchor customers include HBV, a Swedish housing-association consortium, for which Elvaco is a certified supplier under a framework agreement for Individual Metering and Billing (IMD) services renewed for the third consecutive contract period in February 2026. The company is privately held with no external investor or parent entity disclosed and is led by CEO Erik Wikström.

Name

elvaco aktiebolag

Legal name

Elvaco AB

Website

https://elvaco.se

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Elvaco Aktiebolag is a Swedish private company founded in 1989 that designs and supplies smart-metering hardware, multi-protocol communication modules, and cloud platforms (Elvaco Evo, Elvaco Play) for utility companies, property companies, and OEM partners across Europe, the Middle East, and North America.

Ownership category

akta.pro rank

Product category

Smart Metering Hardware and IoT

NAICS

Other Measuring and Controlling Device Manufacturing (334519), 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), Auto Controls For Regulating Residential & Comml Environments (3822), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Customer Premise Equipment Interfaces (Regulators, ERTs/Modules & Indoor/Outdoor Meter Sets) (EUAJACAE)

akta.pro secondary industry

Remote Monitoring/Telemetry for Regulators & Meter Stations (RTUs, Sensors) (EUAJAKAM)

Keywords

• Smart metering solutions
• IoT utility sensors
• Submetering infrastructure
• Energy data management
• M-Bus communication modules

Headquarters

HQ city

Kungsbacka

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Products: Sale of physical products including meters, sensors, meter modules, gateways, infrastructure products and accessories for smart metering applications.
2. Software Subscriptions: Cloud-based software solutions including Elvaco Evo for data management and Elvaco Play platform for data normalization and integration.
3. Professional Services: Services including project organization, system integration and support services for energy and property companies. ISO 27001 certified.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Elvaco provides smart metering hardware, software, and services for remote reading of electricity, gas, water, and heat meters. The offering spans M-Bus, LoRaWAN, NB-IoT, LTE, and OMS LPWAN communication modules, gateways, sensors, meters, and cloud platforms (Elvaco Evo and Elvaco Play) for utilities, property companies, and OEMs.

Product overview

Elvaco is a complete provider of products and services for smart metering, remote reading, IMD (Individual Metering and Distribution), and indoor temperature control. The company offers a unified platform architecture consisting of Elvaco Evo (cloud-based data and device management system) and Elvaco Play (cloud platform for data normalization), complemented by a comprehensive hardware portfolio including Meters, Sensors, Meter Communication Modules (MCM), Infrastructure (gateways), and Accessories. The product range spans from sensors and meters to infrastructure products and communication modules, enabling professional meter data collection, visualization, and analysis for energy and property companies worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Elvaco Evo: Cloud-based system for data and device management
• Elvaco Play
• Elvaco Connectivity Inside
• Elvaco One-Touch Commissioning
• Elvaco Edge

Products and services

• Elvaco Evo Cloud-based system for data and device management, enabling professional meter data collection, visualization, and analysis through an intuitive user interface for energy and property companies.
• Elvaco Play Cloud platform that normalizes meter and sensor data from different vendors and networks, automates onboarding and key management, and delivers immediate, quality-assured data and integrations for enterprises.
• Infrastructure Products Gateways and field infrastructure needed to build a complete measurement system, including the Elvaco Edge outdoor gateway supporting multiple communication protocols including mobile networks.
• Meters High-quality meters for heat, water, and electricity sourced from reputable meter manufacturers, known for precision, reliability, and durability.
• Sensors Easy-to-install temperature and humidity sensors for both indoor and outdoor use, enabling cost-effective measurement for improved energy efficiency and better indoor climate.
• Meter Communication Modules (MCM) Communication solutions for post-installation or pre-installed in meters from manufacturers such as Landis+Gyr, Kamstrup, Diehl, Itron, Engelmann, and ABB, supporting M-Bus, Wireless M-Bus, LoRaWAN, NB-IoT and GPRS technologies.
• Accessories Accessories to adapt or complement Elvaco products, including antennas, enclosures, cables, and M-Bus accessories.
• OEM Connectivity Integration - Elvaco Connectivity Inside OEM offering that integrates the Elvaco Connectivity Platform into third-party measurement and control devices, enabling connectivity for hardware manufacturers.
• Professional Services Services including project organization, system integration, and support services for energy and property companies, delivered from offices in Sweden, Germany, and the United Kingdom.
• AI-driven Support Assistant AI-powered support assistant providing quick and smooth customer support for Elvaco products and services.

Quantifiable outcome

• More than 10 million measurement products connected via Elvaco gateways

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 capability1 record

Feature7 records

Partnerships

Eight partnerships are on record, tiered core.

• HBVcoreChannel Partner/ Reseller/ Distributor · 27 February 2026HBV (Bostadsföreningen) - Elvaco continues as certified supplier within HBV's framework agreement for IMD (Individual Metering and Billing) - Overall System. The new agreement covers Contract Area F - Services, marking the third consecutive contract period for Elvaco in this area.
• Landis+GyrcoreTechnology or IntegrationMeter compatibility partnerships for Landis+Gyr UH50/UC50 and T230/T330 meters with LoRaWAN and NB-IoT communication modules (CMi6110, CMi4110, CMi4111).
• KamstrupcoreTechnology or IntegrationMeter compatibility partnerships for Kamstrup Multical 403/603/803 and 162/351/382 meters with LoRaWAN and NB-IoT communication modules (CMi6140, CMi4140, CMi2140).
• Diehl MeteringcoreTechnology or IntegrationMeter compatibility for Diehl SHARKY meters with integrated NB-IoT MCM (CMi6160, CMi4160).
• ItroncoreTechnology or IntegrationMeter compatibility for Itron CF ECHO II/51/55 meters with LoRaWAN communication module (CMi4130).
• EngelmanncoreTechnology or IntegrationMeter compatibility for Engelmann Sensostar/Sensostar C with LoRaWAN module (CMi4170).
• ABBcoreTechnology or IntegrationMeter compatibility for ABB B21/B23/B24 meters with external MCM modules (CMeX20, CMeX20w).
• ElsyscoreTechnology or IntegrationElsys provides ultrasonic level sensors based on proven Elsys technology for containers, sewage systems and cisterns. Also supplies ERS and EMS sensor lines (LoRaWAN indoor sensors) and ELT outdoor sensors.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about elvaco aktiebolag