Green Momit, officially founded in 2012 in Madrid, Spain, by Miguel Angel Sánchez Mozo and Eduardo Rodriguez Jusdado, operated in the smart home technology sector with a focus on energy efficiency. The company positioned itself as a developer of devices to give consumers better control over their home’s temperature and energy consumption. The firm’s objective was to launch products that enhanced user comfort while providing tools for energy management. However, the company has since ceased operations and is considered deadpooled, with its related applications and web services no longer functional. The company’s product line centered on intelligent climate control for residential clients. Its first market entry was the Momit Smart Thermostat, a Wi-Fi enabled device with a touchscreen interface that could manage both heating and air conditioning systems. This unit featured learning algorithms to adapt to user routines and a presence sensor to adjust settings when the home was unoccupied, aiming to reduce energy waste. Following this, in 2015, the company introduced the Momit Home Thermostat, which added the capability to function as a wireless, portable unit that could be moved between rooms. A key component for the Home model was the Momit Gateway, a device connecting the thermostat to the internet via the user’s router, enabling remote control through a mobile app. Expanding its product ecosystem, Green Momit developed the Momit Cool, a device designed to retrofit existing infrared-controlled air conditioning units into smart systems. This product allowed users to manage their AC units remotely via a smartphone app, which included features for scheduling and monitoring temperature and humidity. A distinctive feature across its product suite was ‘My Budget’, a function within the app that allowed users to set a monthly energy budget, which the system would then aim to meet, projecting potential savings of up to 30% on energy bills. The B2B model was based on the one-time sale of this hardware to consumers. Over its active years, the company secured approximately $2.83 million in funding through various rounds, including participation from investors like Caixa Capital Risc and Elemental. Keywords: home automation, smart thermostat, energy management, climate control, IoT devices, residential energy efficiency, HVAC control, remote access, energy consumption monitoring, smart home technology, Momit Cool, Momit Smart Thermostat, home energy savings, Madrid startup, consumer electronics, connected home, temperature control, mobile app control, deadpooled company
