India is aiming to make annual savings of $8.9 billion in energy costs by adopting new energy-saving technologies. As half of country’s energy is consumed by commercial sector, businesses have long been challenged to improve their low carbon credentials and energy efficiency. Now, data-driven smart energy startups have taken it upon themselves to come up with innovative solutions.
We already have billions of mobile phones connected to the internet. The next wave is of billions of web-connected devices (also referred to as Internet of Things or IoT), generating an immense amount of information, which can then be used to improve the overall value proposition of the product on offer, in a few years’ time.
Gurgaon-based Zenatix Solutions, an Internet of things (IoT)-based energy data analytics company is in the process of launching its operations in the Southeast Asian market, for which is it also considering opting for an inorganic route.
Zenatix uses a cloud-based solution called Wattman to give Domino’s — and others such Vodafone, Airtel and Mother Dairy — the opportunity to streamline their energy use.
Zenatix helps businesses save energy and cut down their electricity bills. Zenatix, a team of 35, works with large chains of quick-service restaurants (QSRs), bank ATMs and retail stores which have anywhere from 200 to more than 1,000 stores/outlets.
Data shows that increase in electricity generation over the years has not been able to keep pace with increasing demand. Moreover, more than 70 per cent of generation is from fossil fuels. Surprisingly, energy efficiency in India is still not getting adequate attention.
This Haryana based, data-driven energy efficiency company is using advanced machine learning based models to save 10-30% of electricity for large commercial consumers. These models are built by collecting and analyzing millions of previously unseen (“dark”) data points every day from electrical assets
Let’s save the planet – starting with your electricity bill, goes the company’s motto. Spearheading an energy revolution in the retail industry sector, Zenatix has been helping retail chains across the country save electricity in their day-to-day business.
Vishal Bansal and Rahul Bhalla had settled careers but there was always this burning desire to startup. Both of them shared a common love for data analytics. They considered various growing sectors and finally settled on energy. They soon roped in their IIT Delhi batchmate Amarjeet Singh, who was teaching at the Indraprastha Institute of Information Technology, Delhi.
Zenatix Solutions, a data-driven energy efficiency company, has today announced that it has raised a pre-series A round of funding led by pi Ventures. Along with pi, the round also saw participation from Zenatix’ existing investor, Blume Ventures.