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Nido

Nido

Nido
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Business Description
Nido is a software company focused on streamlining heat pump installations in the residential sector. We offer a plug-and-play solution for companies to easily quote, sell, design and install and certify heat pumps.
Long Business Description

Nido is a startup dedicated to addressing a pressing environmental issue. Currently, 95% of homes rely on fossil fuels, generating over 40% of greenhouse emissions in the residential sector. And in the EU alone, there are 65 million gas boilers that have exceeded their useful lives.

There’s a much better product already available: heat pumps - a superior environmental solution that consumes 75% less energy than traditional boilers and operates on electricity rather than gas, offering both environmental benefits and cost savings. The European Commission has made rolling out heat pumps central to their 2030 climate targets, with countries implementing incentive schemes for heat pumps and prohibition measures for traditional boilers.

Despite this immense opportunity, only about 1 million heat pumps are being installed in Europe annually, significantly hindering our path to electrify Europe. And the opportunity is to install over 65m heat pumps which would equate to almost 1 Trillion Euro. This is where Nido comes in.

We've developed a software solution that addresses three critical challenges:
1. Mass scale adoption: We need to get new entrants offering heat pumps to their end consumers so we expand the pie. Given the technical complexity for this, Nido offer a plug-and-play solution for new entrants to start selling heat pumps to their customers with little training required. Our clients include energy, renewables, and construction companies.
2.Installation capacity: We need to expand capacity of the current installers as this is a bottleneck. For this Nido created an automated engineering solution for installers to easily quote, design, and procure materials required for their jobs, making them three times more efficient.
3.Technology trust: Of the heat pumps currently being installed, there is little oversight to whether the work is done correctly and using the budgeted materials/equipment leading to poor quality. We created an automated quality assurance system that uses image processing to evaluate the quality of the work and provide feedback to the craftsmen.

Based in
MAdrid
Tags
Heat Pumps, SaaS, 3D automation
Total Funding
Between €2.5 million-5 million
Founded
2023
Website
https://www.gonido.com/
Company Status
Active

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