Elax Énergie, a French company that makes smart management systems for domestic hot water, has raised $33.5M. The round was backed by Noria and Fonds Révolution Environnementale et Solidaire.
The company's connected thermostat for water heaters and boiler electrification solutions are aimed at cutting energy consumption and carbon emissions in social housing while making equipment maintenance easier. Its customers include social housing landlords, plumbers, and individual homeowners.











