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Ecolibrium in talks with investors for next round of funding

The company aims to become an energy intelligence player wherein it could not only measure all forms of energy consumption patterns for its clients but also provide energy sourcing optimisation analytics

In a bid to consolidate its energy optimisation business, Ahmedabad-based Ecolibrium Energy is in talks with investors for its next round of funding. Earlier, IFC had invested around $ 1.5 million couple of years ago. The Indian Institute of Management, Ahmedabad (IIM-A)'s Centre of Incubation, Innovation and Entrepreneurship (CIIE) incubated smart grid and energy management firm is planning to raise the fund on the back of an anticipated 100 per cent growth in its turnover. Ecolibrium has come a long way from offering merely smart grid and energy management services in terms of ...