Machine Learning-Led Decarbonisation Platform Launches in the UK

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

June 14, 2022. By News Bureau

Machine learning-led decarbonisation platform Ecolibrium has 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.

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.

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