Fluxus Ventures to invest in enModus
Fluxus Ventures has made an investment into enModus, a UK-based smart building technology company. enModus will use this investment, along with its recently raised £3m Series A, to fuel deployment of its innovative powerline communication technology. Fluxus is excited to support enModus going forward and will work alongside the enModus team as it develops its initial customer base. enModus has been backed by intu, a British REIT that owns some of the most popular shopping centers in the UK and Spain.
enModus will use this investment, along with recently raised £3m Series A funding, to fuel deployment of its innovative powerline communication technology. Fluxus is excited to support enModus going forward and will work alongside the enModus team as it develops its initial customer base. enModus has been backed by intu, a British REIT that owns some of the most popular shopping centers in the UK and Spain.
Over the past 7 years, enModus has developed Wattwave, a proprietary technology that enables device-to-cloud communication and automated device control in buildings. The Wattwave system utilizes the existing powerlines in a building for communication, and thus enables buildings to be quickly and inexpensively retrofitted into fully connected smart buildings. In a Wattwave-enabled building, any device that is connected to building mains power can be monitored and controlled from a central cloud-based platform. Initial use cases include smart lighting control and building energy management, and pilot customers have seen significant energy savings.
“We’re delighted to welcome Fluxus as an investor in enModus. It’s an extremely exciting time for the Company,” said Andy Heaton, CEO and cofounder of enModus. “Our powerline based controls solution is really gaining traction across several regions. We are proving that retrofitting controls for LED lighting and other assets can be extremely attractive – not only from an ROI perspective, but also because of the building intelligence that is gained from a rich stream of real-time and historical data. Fluxus are real experts in their field, and will offer an insight into Global Real Estate that is second to none. We really look forward to working with them closely as we move forward.”
Jon Bartelt, a Partner at Fluxus Ventures, added, “The enModus team has developed a truly innovative smart building solution that is inexpensive and easy to install. We believe the Wattwave technology is the best in class smart lighting control system for large industrial and commercial buildings and look forward to assisting enModus as it brings this great product to market.”
For more information, please visit: www.enmodus.com
About Fluxus Ventures
Fluxus Ventures is a global investment partnership that backs innovators with demonstrable engineering solutions for smarter cities and urban infrastructure. Fluxus Ventures looks for breakthrough scientific advances and ingenious technologies in the fields of energy systems, connected buildings, cost-effective properties, and urban wellbeing.
Fluxus Ventures enables real estate and infrastructure operators, as well as corporate investors, to take leadership in technology innovation and sustainability, and allows them to access promising ventures that can enhance their existing portfolios and/or support entirely new economic models.
For more information, please visit: www.fluxusventures.com