Apollo IoT Receives $675 Thousand Investment

Apollo IoT, a Turkish cloud-based digital energy platform, announced that it received $675,000 in seed round investment. The Turkish startup closed the seed investment round with 5 per cent. VC negotiations for the rest of the round are ongoing. We will share with you when there is any development with this meeting. Apollo IoT was founded in Izmir in 2022 by Burak Gavas and Ezgi Eylül Hasvatan Gavas. The Turkish startup has collaborated with many prominent institutions in Turkey. These institutions include Aydem, MESS, EGİAD, Türkiye İş Bankası etc. The startup operates with a team of 20 people.

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What is Apollo IoT?

Apollo IoT, Turkey's first digital energy platform, is cloud-based. The platform, established for invoice estimation, control and optimisation, provides easy integration without the need for any hardware or device installation. It provides data on the instant consumption and history of energy. In other words, you can check that the electricity bill is not correct through the platform. At the same time, you can reduce the cost of electricity consumption with real-time verification from the platform.

Apollo IoT platform also detects abnormal reactive penalties and abnormal consumption instantly. It informs the consumer with its advanced alarm system. It increases energy efficiency and saves costs. The platform is built with an environmentalist approach. It has a user-friendly web-based interface. Company employees can monitor energy without difficulty with its advanced graphics.

The Turkish startup will strengthen its team with the investment. It will also use the investment to operate in the global market. Apollo IoT has an office in Ege University Technopark. It was entitled to participate in the TÜBİTAK 1507 SME R&D Projects Support Programme. It also participated in Türk Telekom PİLOT, TİM-TEB Venture House and Yapı Kredi Fast FRWRD.