Calcutta, Jan. 18: IT service company Indus Net Technologies and E-Cube Energy, an energy data analytics solutions provider, have set up a joint venture called EnergyTech Ventures to offer energy-efficiency solutions to companies in various sectors, including micro, small and medium enterprises.
Both the city-based entrepreneurs will have a 50 per cent stake in the new company.
"Our focus is more on energy productivity, which means using less or same amount of energy resources to produce more. We are focused on creating products or solutions to help clients extract the maximum value out of their data assets and provide a support system to enable them to make investments and take initiatives to double their energy or resource productivity," said Abhishek Rungta, CEO of Indus Net Technologies.
"Digitisation has impacted many sectors. Energy markets are also set to see a significant change in the next decade. Our new venture has the capacity to offer world-class solutions to help businesses across the globe embrace big data and industrial internet of things," said Umesh Bhutoria, founder and CEO of E-Cube Energy, who is also the CEO of EnergyTech Ventures.
EnergyTech has signed a deal with a Swedish textile company and will close an agreement with an Indian textile company soon.