Meeting with RightEnergy
Installed in the heart of the Automobility Campus in Luxembourg, RightEnergy aims to establish itself in the leasing market by offering SaaS tools for vehicle fleets. Meeting with the three founders.
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"Simplify and optimize the fleet acquisition process"
Installed in the heart of the Automobility Campus in Luxembourg, RightEnergy aims to establish itself in the leasing market by offering SaaS tools for vehicle fleets. Meeting with the three founders.
Could you briefly introduce yourselves and tell us how the three of you met?
We are three co-founders: Rose Thattill Candeth, Antonio da Palma Ferramacho, and Antony James, with varied and complementary skills in various fields, including automotive engineering, computer science (including AI), and business management. We met one autumn evening, united by a common vision and ideals. We decided to combine our professional expertise to explore the opportunities that presented themselves to us. After several passionate discussions, supported by an in-depth analysis of market needs, we gave birth to RightEnergy, which then evolved into OptryT: an independent comparison engine specifically designed to address inefficiencies in the automotive leasing market.
RightEnergy is one of the first three startups to set up in the Automobility Campus Incubator, alongside Pony.ai and Voltcore. Could you briefly explain what OptryT is?
OptryT, the new name of RightEnergy, provides SaaS tools for vehicle fleets, offering customizable solutions through the entire vehicle lifecycle. Our first tool, LeaseRyt, is a SaaS platform designed to simplify and optimize the fleet acquisition process. It enables fleet managers to make the best decisions while saving both time and costs.
What are the main advantages you offer to your clients compared to existing solutions?
Vehicle leasing quotations are currently managed manually, without a structured approach, often resulting in unclear guidance and potential confusion. LeaseRyt provides a systematic approach to guide both leasing clients and vendors in creating standardized RFQs and quotations, thereby improving the process in terms of efficiency, clarity, and cost control. Additionally, our tool integrates multiple AI models to assist fleet managers in selecting the best offers, not limited to the lowest price but also analyzing qualitative aspects.
Why did you choose Luxembourg as the base for RightEnergy?
Rose is a Luxembourgish citizen and Antonio has been a resident of Luxembourg for more than 30 years during which he developed extensive experience and valuable connections within the national automotive ecosystem, making it a natural choice for their venture. Additionally, Luxembourg is emerging as a renowned IT hub that fosters innovation in the IT and automotive sectors while upholding ESG principles. This strategic alignment led to OptryT being recognized by Technoport and selected as one of the first start-ups to be incubated at the Automobility Campus in Bissen.
At what stage of development are you currently, and when do you plan to launch your solution to help leasing companies?
LeaseRyt has entered the internal beta testing phase and is currently being tested by the OptryT team and external experts. This phase is expected to conclude by mid-February. The tool will then transition into customer testing, conducted by a selection of early adopters until end of April 2025. Following this, commercialization will begin.
Do you plan to raise funds this year? If so, what amount are you aiming for?
We are prepared to bootstrap our activities while also preparing for future fundraising. As such, we have not yet determined the specific amount we aim to raise.
What are your goals for this year and the next five years in terms of growth and development for RightEnergy?
Our goal for 2025 is to focus on establishing our client base in Luxembourg. In 2026, we plan to expand into Belgium and the Netherlands, aiming to achieve a mature market share across the BeNeLux region by 2028. Following this, we will focus on expanding to the rest of Europe.
Interview conducted by Jérémy Zabatta