Ecolibrium plants $5 million to cut energy consumption in the UK

As the race to reduce carbon emissions accelerates across the built environment, machine learning-led decarbonisation platform Ecolibrium has now launched in the U.K. as it raised $5 million in funding. The pre-Series A funding round was co-led by Swordfish Investments and Unbound venture capital firm, alongside several strategic investors.

Founded in 2008 by brothers Chintan and Harit Soni, 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.

According to the company, its sustainability-led technology product SmartSense, assimilates thousands of internet of things (IoT) data points from across a facility’s entire energy infrastructure.

Ecolibrium has already signed its first commercial contract with Integral, JLL’s UK engineering and facilities service business.

Chintan Soni, CEO 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.”

Minister for investment Lord Grimstone said: “Tackling climate change is crucial in our quest for a cleaner and green future, something investment will play an important part in. Ecolibrium’s expansion to the U.K. will provide a revolutionary sustainability solution to reduce carbon emissions across various sectors.”