Connect with us

News

Machine learning-led Sustainable Tech Startup Ecolibrium launches in the UK

Published

on

Machine learning-led Sustainable Tech Startup Ecolibrium launches in the UK

The advisory and climate tech-led sustainability solution has opened a new London HQ after raising $5m in a pre-Series A funding round, to support growing demand from commercial and industrial UK real estate owners striving to meet net zero carbon targets

  • UK expansion builds on considerable success in Asia Pacific, where Ecolibrium’s technology has been deployed across 50 million sq ft by globally renowned brands including Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro
  • The $5m pre-Series A funding round was co-led by Amit Bhatia’s Swordfish Investments and Shravin Bharti Mittal’s Unbound venture capital firm
  • Launches in the UK today having already signed its first commercial contract with Integral, real estate giant JLL’s engineering and facilities service business

Machine learning-led decarbonisation platform Ecolibrium has today launched its revolutionary sustainability solution in the UK, as the race to reduce carbon emissions accelerates across the built environment.

Founded in 2008 by entrepreneur brothers Chintan and Harit Soni at IIM Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship in India, Ecolibrium provides expert advisory as well as technology-driven sustainability solutions to enable businesses in commercial and industrial real estate to reduce energy consumption and ultimately achieve their net zero carbon ambitions.

Relocating its global headquarters to London, Ecolibrium has raised $5m in a pre-Series A funding round as it looks to expand its international footprint to the UK. The round was co-led by Amit Bhatia’s Swordfish Investments and Shravin Bharti Mittal’s Unbound venture capital firm, alongside several strategic investors.

Ecolibrium launches in the UK today having already signed its first commercial contract with Integral, JLL’s UK engineering and facilities service business.

The fundraising and UK expansion builds on Ecolibrium’s considerable success in Asia Pacific, where its technology is being used across 50 million sq ft by more than 150 companies including Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. An annual reduction of 5-15% in carbon footprint has been achieved to date by companies which have deployed Ecolibrium’s technology.

Ecolibrium has also strengthened its senior UK management team, as it prepares to roll-out its green platform across the UK, by hiring facilities and asset management veteran Yash Kapila as its new head of commercial real estate. Kapila previously held senior leadership positions with JLL across APAC and EMEA regions.

Introducing SmartSense

At the heart of Ecolibrium’s offer is its sustainability-led technology product SmartSense, which assimilates thousands of internet of things (IoT) data points from across a facility’s entire energy infrastructure.

This information is then channelled through Ecolibrium’s proprietary machine learning algorithms, which have been developed over 10 years by their in-house subject matter experts. Customers can visualise the data through a bespoke user interface that provides actionable insights and a blueprint for achieving operational excellence, sustainability targets, and healthy buildings.

This connected infrastructure generates a granular view of an asset’s carbon footprint, unlocking inefficiencies and empowering smart decision-making, while driving a programme of continuous improvement to deliver empirical and tangible sustainability and productivity gains.

Preparing for future regulation

Quality environmental data and proof points are also providing a distinct business advantage at this time of increasing regulatory requirements that require corporates to disclose ESG and sustainability performance. Ecolibrium will work closely with customers to lead the way in shaping their ESG governance.

According to Deloitte, with a minimum Grade B Energy Performance Certification (EPC) requirement anticipated by 2030, 80% of London office stock will need to be upgraded – an equivalent of 15 million sq ft per annum.

Research from the World Economic Forum has found that the built environment is responsible for 40% of global energy consumption and 33% of greenhouse gas emissions, with one-fifth of the world’s largest 2,000 companies adopting net zero strategies by 2050 or earlier. Technology holds the key to meeting this challenge, with Ecolibrium and other sustainability-focused changemakers leading the decarbonisation drive.

Chintan Soni, Chief Executive Officer at Ecolibrium, said: “Our mission is to create a balance between people, planet and profit and our technology addresses each of these objectives, leading businesses to sustainable prosperity. There is no doubt the world is facing a climate emergency, and we must act now to decarbonise and protect our planet for future generations.

“By using our proprietary machine learning-led technology and deep in-house expertise, Ecolibrium can help commercial and industrial real estate owners to deliver against ESG objectives, as companies awaken to the fact that urgent action must be taken to reduce emissions and achieve net zero carbon targets in the built environment.

“Our goal is to partner with companies and coach them to work smarter, make critical decisions more quickly and consume less. And, by doing this at scale, Ecolibrium will make a significant impact on the carbon footprint of commercial and industrial assets, globally.”

The UK expansion has been supported by the Department for International Trade’s Global Entrepreneur Programme. The programme has provided invaluable assistance in setting up Ecolibrium’s London headquarters and scaling in the UK market.

In turn, Ecolibrium is supporting the growth of UK innovation, promoting green job creation, and providing tangible economic benefits, as part of the country’s wider transition to a more sustainable future.

Minister for Investment Lord Grimstone said: “Tackling climate change is crucial in our quest for a cleaner and green future, something investment will play an important part in.

“That’s why I’m pleased to see Ecolibrium’s expansion to the UK. Not only will the investment provide a revolutionary sustainability solution to reduce carbon emissions across various sectors, it is a continued sign of the UK as a leading inward investment destination, with innovation and expertise in our arsenal”.

About Ecolibrium

Ecolibrium is a machine learning-led decarbonisation platform balancing people, planet and profit to deliver sustainable prosperity for businesses.

Founded in 2008 by entrepreneur brothers Chintan and Harit Soni, Ecolibrium provides expert advisory as well as technology-driven sustainability solutions to enable commercial and industrial real estate owners to reduce energy consumption and ultimately achieve their net zero carbon ambitions.

Ecolibrium’s flagship technology product SmartSense is currently being used across 50 million sq ft by more than 150 companies including JLL, Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. SmartSense collects real-time information on assets, operational data and critical metrics using internet of things (IoT) technology. This intelligence is then channelled through Ecolibrium’s proprietary machine learning algorithms to visualise data and provide actionable insights to help companies make transformative changes to their sustainability goals.

News

Mappable launches Neurogeocoder API to revolutionize mapping solutions for UAE businesses

Published

on

Mappable

Mappable, a global company that brings powerful and highly customizable mapping solutions to the local markets, announces the launch of its new product — the Neurogeocoder API, which is now available to all clients in the UAE.

The Neurogeocoder API, powered by machine learning and AI, is a game-changer in geospatial solutions, particularly in light of the projected 14.2% CAGR growth of the global digital map market by 2030. Unlike standard geocoders with fixed algorithms set by the development team, Neurogeocoder’s adaptive nature ensures precise results, even with unstructured location queries containing errors or typos. This advanced tool allows for the seamless display of user-entered addresses on maps and facilitates the transformation of map points into detailed street addresses, ensuring precise and reliable location results. By recognizing local expressions for districts, towers, and roads, the Neurogeocoder effectively links them to specific addresses or points, a feat beyond the capabilities of standard geocoders.

The Neurogeocoder API is a powerful tool for various industries, including e-commerce, real estate, food-tech, ride-tech, and logistics. It helps quickly translate large address volumes into coordinates and vice versa, as well as process intricate or locally specific location queries for different business scenarios. For e-commerce, the Neurogeocoder can enhance customer service by displaying pickup points on maps, allowing users to choose the most convenient location when placing orders. For real estate companies, the tool can accurately showcase property locations, helping potential buyers visualize the surroundings to make informed decisions when considering a purchase. For logistics services, the API optimizes operations by providing accurate addresses to managers for better cost estimation of deliveries, leading to increased operational efficiency and cost savings for the business.

In addition to the Neurogeocoder API, Mappable offers a comprehensive suite of solutions tailored to multiple business needs:

  • Performative, customizable, and data-rich maps for clients’ websites, apps, or CRM.
  • Automatic geo verification and easy search by address, coordinates, and other parameters.
  • Navigation and route planning tools that take into account traffic and weather forecasts as well as other parameters, to help drivers, couriers, and other professionals efficiently move around the country.

“The UAE is rapidly progressing in the fields of technology, e-commerce, and smart mobility and we’re excited to support businesses on this journey. Mappable solutions allow companies to optimize logistics and enhance customer service quality by automating processes and reducing workloads on internal personnel, call centers and order-processing specialists. We know what local businesses need and are constantly updating our products, using machine learning and AI to give our clients the best possible mapping solutions. The newly launched Neurogeocoder is a great example of this. It understands our address-inputting habits and adapts to them”, explained Sabina Mirza-Akhmedova, Chief Executive Officer at Mappable.

Sabina Mirza-Akhmedova, Chief Executive Officer at Mappable

All Mappable solutions provide extensive customization opportunities, and a wide range of licensing choices. The company has also launched an online self-service desk, which gives easy and fast access to its APIs — for trial or license purchase. More information can be found at mappable.world.

About Mappable:

Mappable is a global mapping and geospatial solutions provider based in the UAE, offering powerful and customizable business solutions to local markets. With a focus on innovation and precision, Mappable provides cutting-edge mapping, geospatial, and navigation technologies to meet the diverse business needs of e-commerce platforms, retail chains, logistics and delivery firms, manufacturing enterprises, ride-tech and food-tech companies, telecommunications corporations, banks, as well as the public sector.

Continue Reading

News

Yango showcases latest innovations to transform urban transport at Mobility Live ME

Published

on

yango

Abu Dhabi, UAE, Yango, an international tech company, made a significant impact as the Silver Sponsor at Mobility Live ME, the region’s most crucial event focusing on disruptive technology in mobility. Being committed to leveraging the power of technology to improve its users’ lives, Yango showcased its latest products and innovations and presented insights tailored to the MENA region’s evolving demands.

Building on its reputation for unique service offerings, the company recently launched Yango Drive, a comprehensive car rental marketplace integrated within the Yango SuperApp that is gaining substantial traction in Dubai. It features a digital booking system that offers an array of 3,500 cars, providing a seamless, high-quality rental experience from booking to return. This service reflects Yango’s commitment to comfort, convenience, and sustainability, supporting the shift towards shared mobility and aligning with the UAE’s Net Zero 2050 and Dubai Urban Plan 2040 initiatives.

Furthermore, in alignment with its dedication to enriching local communities, the ‘Prayer Mode’ for Muslim drivers was recently launched during the holy month of Ramadan. This feature facilitates drivers’ adherence to prayer schedules and includes innovative mapping and smart routing technologies to locate the nearest mosques. The app also mutes notifications during prayer times and provides directions to the Qibla, ensuring drivers can seamlessly balance their professional responsibilities with their religious practices.

Islam Abdul Karim, General Manager, Yango GCC, said: “We have seen great demand for our services since our entry into the market and are dedicated to developing a safe and comfortable urban transport system to keep up with this demand. With technology at the heart of our mission, we are not just responding to the current status but are actively shaping the future of mobility with innovative solutions and features. We will continue to set new standards in the industry, contributing to creating smart, sustainable cities.”

Islam spoke in a panel discussion at Mobility Live: “Movers and Shapers: Shining a Spotlight on the Game-Changers in Modern Transport Systems.” Shashi Shekhar Singh, Director of New Markets at Yango, delivered a keynote speech on the “Future of Mobility,” delving into how the company redefines urban mobility.

The company’s commitment to innovation is reflected in its diverse range of services, including Yango Maps, Yango ride-hailing service, Yango Play, Yango Tech, the advanced Arabic human-like AI voice assistant Yasmina, and many more, all of which are designed to enhance the everyday lives of local communities. As one of the leading apps in the region, the company is committed to supporting local transport providers, creating jobs, and fostering long-term partnerships with local communities and governments.

Continue Reading

News

Trident IoT Launches Taurus Z-Wave Series Silicon

Published

on

Chip series and SDK support next-generation Z-Wave capabilities for the global market.

Trident IoT, an RF technology and engineering company focused on decreasing time-to-market for connected device manufacturers, today announced the release of the new Taurus Z-Wave Series of silicon solutions.

The Trident IoT Taurus Z-Wave Series will encompass system-on-chip (SoC) solutions and modules that support the latest advancements in Z-Wave technology, including Z-Wave Long Range (ZWLR) for the U.S. and the implementation of the ZWLR European specification. The Taurus Z-Wave Series will ship with an SDK based on Open Z-Wave Specification Release 2024A.

“The Taurus Series gives global manufacturers access to cutting-edge Z-Wave capabilities,” said Trident IoT co-founder Bill Scheffler. “This silicon series and SDK will be the first to implement the ZWLR European specification, accelerating IoT product development worldwide.”

Taurus Series Silicon Specifications
The Taurus Series is based on an ultra-low power, high performance Z-Wave SoC. The Taurus SoC solution is designed to enable Z-Wave solutions with class-leading battery life, range, and memory.

Taurus Series chips feature an ARM® Cortex®-M33 microprocessor, 1MB of flash program memory, and 288KB of SRAM data memory for exceptional processing and response time. The powerful sub-GHz radios transmit at +20dBm and +14 dBm, enabling communication over distances up to 1+ miles.

Taurus chips support Z-Wave Plus, Z-Wave Plus v2 and ZWLR, enabling the development of highly secure, reliable, scalable, and backwards-compatible solutions for smart home, hospitality, multi-dwelling units and more. Using the ZWLR 12-bit addressing space, the Taurus Series supports networks of up to 4000 nodes; Taurus chips also leverage ZWLR dynamic power control, enabling end point battery life of up to ten years from a single coin-cell battery.

“ZWLR is a revolutionary technology, with the power to expand the reach, scale and utility of IoT applications while preserving full backward compatibility with currently deployed Z-Wave devices,” said Avi Rosenthal, Z-Wave Alliance Chairman of the Board. “This new Z-Wave silicon offering, paired with the Trident IoT SDK and design services, will enable more Z-Wave Alliance members to take advantage of ZWLR capabilities, bringing exciting new products to market faster around the globe.”

End-to-End Product Development Support
In line with the company’s mission to decrease time-to-market for IoT devices, Trident IoT will offer end-to-end engineering consultation for new products integrating Taurus Series silicon. In addition to the Taurus Series SDK, Trident IoT customers will also have access to an exclusive library of both Z-Wave and ZWLR device and sensor reference designs, created to accelerate the development of innovative new edge-of-property applications.

Trident IoT also offers in-depth consulting from some of the industry’s foremost experts on wireless connectivity, including Z-Wave technology. “Trident IoT was launched in response to a gap in the availability of IoT product design services,” says Mariusz Malkowski, Trident IoT CTO and founder. “The demand for consultation has been extraordinary: in just six months we’ve had to double our engineering resources.”

To support the development of market-ready products, the Trident IoT lab is fully equipped and available for Z-Wave, Z-Wave Plus v2, and ZWLR end product compliance and testing.

By providing silicon, design services, and in-house compliance testing, Trident IoT can help device manufacturers decrease time-to-market for new Z-Wave products by more than 60%. According to Kevin Kraus, VP of Technology Alliances and IoT Business Development, Yale – Fortune Brands Innovation, “In-depth consulting services from the Trident IoT team will be an invaluable accelerator for Fortune Brands, helping us to bring new Z-Wave-certified products to market in the near future. With the launch of this new single-die silicon solution, we look forward to collaborating on new devices with next-generation capabilities, including long-range and potentially even multi-protocol devices.”

Taurus Series Previews for Product Developers
Taurus Series silicon will begin shipping at scale in Q4 2024. In the meantime, Trident IoT will issue Taurus Series samples to select partners for initial testing and product development.

About Trident IoT:
Trident IoT is a technology and engineering company focused on simplifying RF development, increasing product success rates, and decreasing time-to-market for connected device manufacturers. Founded by a team of IoT veterans with over a century of industry knowledge, Trident IoT is aimed at making connected devices work as intended. With an initial focus on companies manufacturing Z-Wave devices, Trident IoT seeks to expand and build new relationships through a human connection at every level, including certification and market knowledge. 

Continue Reading

Trending

Subscribe to our Free Newsletter

Get Business and Marketing Insights from Experts, only onTimes of Startups!

Your Information will never be shared with any third party