This post is a part of the Early Stage Climate Startup series from Climafix 2024
Highlight
- Retrofitting air conditioners with AI and IoT to optimize air conditioning performance.
1. Value Proposition
- Reduced Cooling Costs: No initial costs for installing, saves up to 50% on electricity bills, optimizing AC operation.
- IoT-Based Management: The system uses IoT sensors and cloud-based analytics to monitor and control the AC remotely.
2. Pain Points
- Inefficient Thermal Cycles: Older AC units typically run for 10+ hours a day, wasting energy due to suboptimal thermal cycles. iACs thermal exchange optimization ensures the AC operates efficiently.
- Maintenance Delays: Traditional systems suffer from untimely maintenance, leading to breakdowns and further inefficiencies. iAC predicts maintenance & meets these needs in advance.
3. Climate Impact
- iAC’s solar-enabled models integrate renewable energy sources into cooling systems, reducing carbon emissions.
- The AI-Driven platform further reduces energy consumption by up to 50%.
4. Current & Future Target Segments
- Current Target Segments: Offices, hospitals, shopping malls, agriculture storage and processing facilities.
- Future Target Segments: Expanding its services to both residential and OEM markets [Cooling as a Service (CaaS) model], eventually partnering with OEM AC manufacturers.
5. USPs
- AI & IoT Driven Retrofit for Any AC Unit: Compatible with both split and window ACs from any brand. The AI platform optimizes compressor and fan operations, also doing predictive maintenance, enabling the system to identify potential failures before they occur.
6. Team Profiles
- Vishwesh Bhat (Founder): With over 20 years of experience in power electronics, IoT, and after-sales service, Vishwesh leads iAC focusing on improving energy efficiency in cooling systems through automation and control algorithms.
- Purushotham Nayak (Co-founder): An expert in data security and cloud processing, Purushotham ensures that iAC’s cloud-based analytics and data-driven approach are both secure and efficient. His knowledge of software architecture and cloud technologies enhances the platform’s overall performance.
7. Startup Headquarters
- India: Goa