KOCHI: Zenatix provides automated energy control and monitoring products, and delivers operational energy efficiency to customers through intelligent controls that are triggered by rules, sensors and analytics.
Let’s save the planet - starting with your electricity bill, goes the company’s motto. Spearheading an energy revolution in the retail industry sector, Zenatix Technologies has been helping retail chains across the country save electricity in their day-to-day business.
The company offers cloud-based energy analytics products which helps retail chains regulate usage of electricity, primarily for their air-conditioning systems which tend to consume a huge amount of electricity.
Speaking to Express, Vishal Bansal, chief operating officer and co-founder said he and his friends Dr Amarjeet Singh and Rahul Bhalla (the other co-founders) came up with the idea about three years ago. All three were classmates in IIT Delhi and graduated in 2002.
“Dr Amarjeet was doing research in energy efficiency in commercial buildings. Rahul and I were talking about doing something of our own, related to data. We got together and started building our first commercial product”, says Vishal.
When selling their product to the manufacturing sector, hotels, hospitals and residential complexes, they found that the biggest need was in the retail segment. We build IoT-based building management solutions (BMS) which are meant to control air conditioning, he adds.
On the necessity of the product, Bansal explains, “The regular BMS, which large commercial enterprises use, is prohibitively expensive. Meanwhile, each retail outlet spends about Rs 50,000 a month. If a chain has 500 outlets, their spending on electricity alone is around Rs 2.5 crores per month.”
The USP of Zenatix is that they are the only ones offering services for the retail sector. “We are the first to give IoT-based low-cost BMS solution. We don’t charge anything upfront. We invest in hardware and installation and charge fixed monthly fees. The benefits our customers get is far more than what they pay us,” he points out.
Currently, their product is being used in more than 500 locations comprising 15 customers. By mid-2018, Zenatix is looking to scale up to 5,000 locations. For the next 12 months, our focus would be on retail and banking sectors, says Vishal, before signing off.
How it works:
Sensing: The team installs smart energy meters, temperature, humidity, lux sensors, etc.
Communication: Zenatix controller ZSmart acquires data from sensors and transmits it to a cloud server over GSM, Ethernet or WiFi
Analytics: The analytics engine generates intelligent control commands and alerts in real time
Control: ZSmart controls electrical devices on the ground based on commands generated by the analytics engine
Funds raised:
Rs 8 crore in
Pre-series A round
Funds raised:
Rs 8 crore in
Pre-series A round
Clients
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State Bank of India
Dominos
Mother Diary
Vodafone
Airtel