Resync scores US$2M to expand energy management solutions to Asia, Middle East

Resync_funding_news

Resync Technologies, a Singapore-based energy cloud solutions provider for smart city and distributed energy assets, has secured a US$2 million Series A financing round from GGV Capital.

The startup plans to use the funds to innovate and build more advanced capabilities for its energy cloud platform while expanding its footprints across the Asia Pacific and the Middle East.

So far, Resync boasts of having deployed its solutions in more than 150 buildings and 300 MWp of solar assets with over 20 customers in seven markets in APAC.

Also read: Go smart or go waste? Smart construction in Asia is up for grabs

Founded in 2017 by CEO Emir Nurov and Dr Jayantika Soni, Resync provides an energy cloud platform for renewable energy assets, building energy management, and industrial energy management.

“We started Resync with the vision to build a unique, intelligent energy cloud that will be at the forefront of the global energy transformation,” said CEO and co-founder Emir Nurov.

Its technology is built with a combination of artificial intelligence and technical knowledge of energy systems, offering advanced analytics, optimised performance and energy savings for smart buildings and distributed energy assets (DERs). DERs refer to assets such as rooftop solar PV units, natural gas turbines, microturbines, wind turbines, electric vehicles (EV) and EV chargers, and so on.

Besides, Resync enables automated building, renewables, and Internet of Things (IoT) devices.

According to the firm, its data science team has applied the non-intrusive load disaggregation (NILM) approach to present a full overview of energy consumption profiles separated by energy appliances in real-time without the need to install any extra hardware.

This approach assists households and businesses reduce carbon footprint and save up to 30 per cent of their monthly electricity bills. “Resync’s AI-driven approach shows tremendous potential in helping commercial properties optimise across energy sources and get the most value from their spending,” said Weihan Liew, venture partner at GGV Capital.

The startup has partnered with Thai Digital Energy Development (TDED), a joint venture between the Thai Government’s PEA ENCOM International, Prasetia Dwidharma, an ICT solution provider in Indonesia, and NTU Singapore’s EcoLabs, a national enabler for cleantech.

Globally, governments and enterprises are doubling down on adopting cleaner and more efficient energy use to reduce carbon emissions and mitigate the effects of climate change. Singapore also realises the Green Plan 2030’s energy reset target by greening 80 per cent of buildings, embracing electric vehicles (EVs), and quadrupling solar energy deployment. The country has also shifted to the cleanest fossil fuel available — natural gas.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Resync

The post Resync scores US$2M to expand energy management solutions to Asia, Middle East appeared first on e27.

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Resync_funding_news

Resync Technologies, a Singapore-based energy cloud solutions provider for smart city and distributed energy assets, has secured a US$2 million Series A financing round from GGV Capital.

The startup plans to use the funds to innovate and build more advanced capabilities for its energy cloud platform while expanding its footprints across the Asia Pacific and the Middle East.

So far, Resync boasts of having deployed its solutions in more than 150 buildings and 300 MWp of solar assets with over 20 customers in seven markets in APAC.

Also read: Go smart or go waste? Smart construction in Asia is up for grabs

Founded in 2017 by CEO Emir Nurov and Dr Jayantika Soni, Resync provides an energy cloud platform for renewable energy assets, building energy management, and industrial energy management.

“We started Resync with the vision to build a unique, intelligent energy cloud that will be at the forefront of the global energy transformation,” said CEO and co-founder Emir Nurov.

Its technology is built with a combination of artificial intelligence and technical knowledge of energy systems, offering advanced analytics, optimised performance and energy savings for smart buildings and distributed energy assets (DERs). DERs refer to assets such as rooftop solar PV units, natural gas turbines, microturbines, wind turbines, electric vehicles (EV) and EV chargers, and so on.

Besides, Resync enables automated building, renewables, and Internet of Things (IoT) devices.

According to the firm, its data science team has applied the non-intrusive load disaggregation (NILM) approach to present a full overview of energy consumption profiles separated by energy appliances in real-time without the need to install any extra hardware.

This approach assists households and businesses reduce carbon footprint and save up to 30 per cent of their monthly electricity bills. “Resync’s AI-driven approach shows tremendous potential in helping commercial properties optimise across energy sources and get the most value from their spending,” said Weihan Liew, venture partner at GGV Capital.

The startup has partnered with Thai Digital Energy Development (TDED), a joint venture between the Thai Government’s PEA ENCOM International, Prasetia Dwidharma, an ICT solution provider in Indonesia, and NTU Singapore’s EcoLabs, a national enabler for cleantech.

Globally, governments and enterprises are doubling down on adopting cleaner and more efficient energy use to reduce carbon emissions and mitigate the effects of climate change. Singapore also realises the Green Plan 2030’s energy reset target by greening 80 per cent of buildings, embracing electric vehicles (EVs), and quadrupling solar energy deployment. The country has also shifted to the cleanest fossil fuel available — natural gas.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Resync

The post Resync scores US$2M to expand energy management solutions to Asia, Middle East appeared first on e27.

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