Electranova Capital, the cleantech investment fund managed by Idinvest Partners in partnership with EDF, has invested in Enlighted to accelerate its growth in Europe.
Headquartered in Silicon Valley, Enlighted harnesses sensors, software and analytics to increase energy efficiency in industrial, commercial and office buildings. The company’s first application, advanced lighting controls, saves companies between 50 and 70 per cent in lighting costs. In North America, Google, LinkedIn, Hewlett‐Packard, AT&T and other “Fortune 1000” companies have adopted Enlighted’s technology in the past three years. In all, Enlighted has saved more than 15 Gigawatt hours of electricity.
Enlighted is developing new applications for its platform, ranging from occupancy analysis to HVAC controls and security services, all aggregated on the Enlighted Cloud. The company is also innovating in the financial engineering of energy efficiency projects, developing novel solution that will enable large scale deployments amongst big corporates.
Enlighted is now accelerating its expansion in Europe and Asia with two reference partners: Electranova Capital and EDBI, a Singaporian fund.
“Our partnership with Electranova Capital and Idinvest Partners gives us the ability to bring Enlighted smart building solutions and services to Europe, a reference market in energy efficiency. We are excited by the prospect of demonstrating the performance of our advanced solutions there,” says Tushar Dave, Enlighted’s chief executive.
“Enlighted’s growth in the last three years has been impressive. The company has consistently delivered substantial ROI to its North American customers and put the spotlight on the massive opportunity for businesses and customers in Europe,” says Matthieu Baret, partner at Idinvest.
