AI & MLNews

75F® Raises $18M Led by Breakthrough Energy Ventures and Oil & Gas Climate Initiative 

75F has completed an $18M Series A round of financing co-led by Breakthrough Energy Ventures and Climate Initiative with participation from Building Ventures, Revolution’s Rise of the Rest Seed Fund, and Clean Energy Trust, making it the largest investment to date in the energy-efficiency technology category in the Asia Pacific region. The company, founded in 2012, has raised a total of $25M to date.

This marks the first investment for Oil & Gas Climate Initiative in the buildings space, and 75F aligns with Breakthrough Energy Ventures’ work to significantly reduce emissions from buildings, one the largest contributors to climate change.

“We are honored to have this incredible group of investors backing our vision and helping 75F takes an enormous step as the global leader in the industry,” said Deepinder Singh, CEO for 75F. “This strategic funding will allow 75F to invest in key positions, continue to innovate our product and customer solution, and strengthen our partner network across North America, Middle East, and APAC including India, Singapore China, and Australia.”

Energy use in buildings is a $400bn to $500bn a year problem. Developing countries in Asia account for two-thirds of global energy growth, driving the growth of energy-efficient Smart Building Technology in this market. 75F’s intuitive, self-optimizing system is uniquely positioned to cater to this market as it saves up to 50% on HVAC and lighting energy, improves occupant comfort and enhances operational efficiency.

Related posts

Unravel Data Named Representative Vendor in Gartner Market Guide for DataOps Tools

adminsmec

CMS IT Services launches Defensible Cyber Security

adminsmec

Matrix Comsec Participates in the Upcoming Convergence 2021

adminsmec
x