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May 26, 2013

Deal Alert: Infuse, IFC invest $1.6 M in smart grid tech firm Ecolibrium

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, along with International Finance Corp (IFC), has invested $1.6 million in smart grid technologies provider Ecolibrium Energy Pvt. Ltd, which has been incubated at the Centre of Incubation, Innovation, and Entrepreneurship at IIM-A.

Ahmedabad-based Ecolibrium Energy offers technology-enabled solutions that help meet the needs of utilities and grid operators who deliver energy and are responsible for maintaining the real-time balance between supply and demand. The platform is hosted on remote servers and available through the Internet. A customer can access this system from any part of the world. The company has at least 50 clients across India in one year of commercial operations.

Source: Mint

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