INDIA: Within the coronary heart of India’s bustling manufacturing trade, a groundbreaking startup, Eugenie.ai, is spearheading a inexperienced revolution with its AI-driven digital twin expertise. The California- and Mumbai-based firm is empowering main asset-heavy producers to sort out Scope I emissions, making vital strides in the direction of reaching their net-zero targets and contributing to international sustainability efforts.
Addressing India’s Emission Conundrum
India, one of many world’s largest greenhouse fuel emitters, grapples with substantial emissions, primarily emanating from the facility, agricultural, and manufacturing sectors. In line with an IMF Working Paper, the manufacturing sector accounts for 17% of the nation’s complete emissions, emphasizing the necessity for modern options. Eugenie.ai, based in 2018 by Dr Soudip Roy Chowdhury, is on the forefront of this eco-friendly transformation.
– Commercial –
Additionally Learn: Guillermo Campoamor’s Journey from Wine Connoisseur to City Mobility Entrepreneur
The Beginning of Eugenie.ai
Pushed by a private mission to fight the hostile results of business emissions, Dr Chowdhury redirected his profession in the direction of machine studying and entrepreneurship. Eugenie.ai was born out of his imaginative and prescient to create an emissions intelligence platform that would redefine manufacturing practices, making them extra sustainable and environmentally pleasant.
– Commercial –
Emissions Intelligence Platform
Eugenie.ai’s Software program as a Service (SaaS)-based platform makes use of AI-driven digital twins, digital replicas enhanced by AI, for real-time monitoring of machine efficiency and emissions information. This deep-tech strategy permits exact measurement and attribution of emissions to particular person machines and processes. With a clientele together with trade giants like Tata Metal, HPCL, Jabil, ExxonMobil, and Nexa Assets, Eugenie.ai covers the complete spectrum of emissions monitoring, providing a complete resolution for organizations dedicated to lowering their carbon footprint.
Enterprise Prospects and Challenges
Whereas Eugenie.ai faces the problem of prolonged gross sales cycles within the industrial decarbonization sector, it distinguishes itself from rivals by offering a single-point resolution. The startup adopts a month-to-month subscription mannequin, providing flexibility in person licenses and technical assist hours.
– Commercial –
Funding and Development Plans
Having raised $4.4 million from Fractal AI, Eugenie.ai is gearing up for its subsequent spherical of funding because it expands into the US, Latin America, and the Center East and Africa. With over 70% of its present enterprise coming from the US, the corporate plans to realize a extra balanced distribution within the coming years. The workforce, presently consisting of 21 members, is about to develop to roughly 25 by the top of the yr.
Contributing to a Sustainable Future
As the worldwide environmental intelligence platform market is projected to surpass $3.28 billion by 2035, Eugenie.ai envisions lowering dangerous emissions equal to taking 40 million vehicles off the roads yearly. Dr Chowdhury emphasizes their mission to not solely fight local weather change but in addition defend future generations from its repercussions.
Eugenie.ai’s current recognition in TechSparks 2023 and inclusion in YourStory’s Tech30 record additional solidifies its place as one of the vital promising Indian startups, driving constructive change within the manufacturing panorama.
Additionally Learn: Faculty Scholar Revolutionizes Air Fresheners with ALVE, a Good Eco-Pleasant Resolution