Ecosummit, which was founded in 2010, accelerates innovative green companies in energy, transportation, and cities in order to rescue our climate, decarbonize our economy, and electrify our world. Their events are startup markets that facilitate financing, lead and co-investment, corporate venturing, open innovation, and mergers and acquisitions. This program allows entrepreneurs to display their progress and pitch to an audience of stakeholders from the particular ecosystem. Sensfix demonstrated to the community what they have been working on in recent months, as well as the smart energy solutions with which they intend to disrupt the energy sector.

Balaji Renukumar outlines why Sensfix decided to develop a market-ready product for which clients were willing to pay. It was about listening to clients’ problems and learning about their processes and tools. The frustration of our clients – streetlight repair and maintenance firms – who lacked the infrastructure, equipment, methods, and high-tech to deliver speedy and effective repairs prompted the development of an MVP. An IoT-enabled, location-based solution for streetlight repair and maintenance saves time, money, and resources, making repair and maintenance more efficient. The Sensfix platform was able to reduce failure rates in streetlight maintenance from 5% to 1%.

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