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Ecolibrium Energy secures $2.6 million in funding round

Funding will deepen customer engagement and enable expansion to international markets, says CEO

| | Jul 5, 2017 | 7:41 pm
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India, Ahmedabad, July 4: India-based Ecolibrium Energy has received $2.6 million from Infuse Ventures and Jones Lang LaSalle (JLL India), the company said through a Press communiqué.

Speaking on the development, Chintan Soni, CEO of Ecolibrium Energy, said: “With this funding, we will deepen customer engagement and expand to international markets. SmartSense will deliver value to our clients with very specific recommendations to reduce energy losses and avoid downtime of equipment. Our focus is going to be on creating a digital twin of facilities and assets. Through our patented algorithms, we will help businesses optimise their cost of operations and capital deployment for electrical assets.”

Vibhor Dhanuka, Vice President – Investments at Infuse Ventures, added: “Ecolibrium is one of our early investments, and we are excited to continue supporting the company. It has developed a strong footprint across industries and geographies over the last few years. With the increasing adoption of IoT and analytics for energy management, Ecolibrium is well positioned to strengthen its leadership position.”

Anuj Nangpal, Head –Technology Ventures at JLL India said: “Our investment in Ecolibrium is perfectly aligned with our objectives and it fortifies our intent and ability to identify technology outliers in the proptech space. Ecolibrium is at the cutting edge of the technology of energy data, IoT and predictive maintenance. Their technology integrates seamlessly with our integrated facilities management platform. We see this as the future of energy management with an enormous potential to be exported globally into our client accounts.”

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