This post is a part of the Early Stage Climate Startup series from Climafix 2024
Highlights
- EnergyETA offers an IoT-enabled, AI-driven platform designed to optimize energy efficiency and reduce operational expenses in commercial and industrial buildings.
- Their ETA+ solution suite covers monitoring, automation, and efficiency for utilities like HVAC, water, diesel, and LPG systems.
1. Value Proposition
- Energy Savings: The platform automates energy management processes offering up to 30% energy savings using AI that optimizes HVAC systems, chillers, pumps, and other equipment.
- Real-Time Data and Carbon Footprint Tracking: With live monitoring of over 1,000+ assets. EnergyETA tracks 2 million+ data points daily, providing businesses with real-time insights into energy usage and carbon footprint.
2. Pain Points
- Energy Waste: A significant amount of energy is wasted due to inefficient operating systems, manual logging and poor monitoring of operational expenses. EnergyETA helps companies identify energy inefficiencies and optimize their systems to minimize waste.
- Energy Costs: Commercial tariffs are often much higher than residential rates. EnergyETA’s system optimizes energy usage.
3. Climate Impact
- EnergyETA’s platform guarantees 10-30% energy savings, that track and reduce the carbon footprint of buildings and industries.
4. Current & Future Target Segments
- Current Target Segments: Hotels, malls, office buildings, OEMs sectors like HVAC, air compressors, and chillers.
- Future Target Segments: Expanding into new markets such as airports and healthcare.
5. USP
- Smart Automation: EnergyETA’s patent-pending ‘ETA+ platform’ integrates AI and IoT to create an advanced control system capable of monitoring and optimizing various energy sources, thus offering a comprehensive energy efficiency solution with actionable insights.
6. Team Profiles
- Jayesh Jain (Co-Founder & Managing Director): With over 17 years of experience in energy, digitization, and HVAC, Jayesh leads the company’s efforts in combining technology and business strategies to deliver energy solutions.
- Dr. Satya Seshadri (Co-Founder & CIO): A specialist in cooling and heating technologies, Dr. Seshadri brings over 15 years of research experience and a passion for energy entrepreneurship.
7. Startup Headquarters
- India: Chennai