IFC, Infuse back Indian energy efficiency startup with $1.5m
The International Finance Corporation has invested $1 million in Ecolibrium Energy, a startup which provides a technology platform to reduce energy usage. Indian Fund for Sustainable Energy Ventures (INFUSE Ventures) will also invest $500,000 in the company.
Ecolibrium helps commercial and industrial customers monitor and control electricity usage. It plans to expand into power grid infrastructure management and renewable project energy monitoring. Ecolibrium...
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