FluxGen Sustainable Technologies, a Bengaluru-based climate tech company, has raised INR 28 crore in a pre-Series A funding round led by IAN Alpha Fund. The funding, supported by investors like Rainmatter, Gameskraft Technologies, and Axilor Ventures, will help scale FluxGen’s AI and IoT-powered water management solutions.
Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen helps industries optimize water usage through its flagship platform, AquaGen. With over 110 clients, including TATA Steel and Mahindra Group, FluxGen has helped businesses achieve up to 30% water savings. The company aims to expand globally and drive sustainable water usage.
What is FluxGen?
FluxGen is a climate tech company based in Bengaluru, India, focused on providing smart water management solutions for industries. Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen uses advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and predictive analytics to help industries monitor, analyze, and optimize their water usage.
Their flagship product, AquaGen, offers real-time monitoring, insights, and regulatory compliance support to reduce water wastage and mitigate water-related risks. FluxGen serves various sectors, including metals, mining, food, beverage, healthcare, and more, helping clients save water and improve sustainability.
Why is This Funding Significant?
The INR 28 crore pre-Series A funding raised by FluxGen is significant as it enables the company to scale its AI and IoT-powered water management solutions, which are essential for optimizing water usage in industries. This capital infusion will allow FluxGen to expand its product offerings, including new solutions for groundwater intelligence and wastewater management.
Additionally, the funding supports FluxGen’s plans to grow in new industrial markets and accelerate its international expansion, particularly in regions like the Middle East and Africa, where water scarcity is a critical issue. The investment also highlights the increasing demand for AI-driven solutions in sustainability, helping industries such as TATA Steel and Mahindra Group achieve up to 30% water savings.
Overall, this funding plays a pivotal role in FluxGen’s mission to lead the global charge in industrial water management, creating both environmental and financial benefits for businesses worldwide.
How Will the Funds Be Used?
The funds raised by FluxGen will be used to scale the company’s AI and IoT-powered water management solutions. Specifically, the capital will help enhance the existing products and drive innovation, including developing new solutions for groundwater intelligence, wastewater resource management, and water risk analytics.
The funding will also be used to expand FluxGen’s reach into new industrial markets and strengthen its customer acquisition efforts both in India and internationally, particularly in regions like the Middle East and Africa.
The company plans to accelerate product development, grow its partner and sales networks, and support its international growth ambitions. Ultimately, the funds will help FluxGen scale its operations, innovate further, and expand its global presence in the industrial water management sector.
Founders’ Perspective
FluxGen was founded in 2021 by Ganesh Shankar (Founder & CEO) and Emanuel Deepak (Co-founder & COO). From the founders’ perspective, the funding is a significant step in realizing their vision of transforming water management through technology.
The founders are committed to leveraging advanced technologies to help industries optimize their water usage and mitigate water-related risks, ultimately contributing to both sustainability and business growth.
Key Takeaways
- AI and IoT Integration: FluxGen is leveraging cutting-edge technologies like AI, IoT, and predictive analytics to optimize water management for industries, helping them reduce wastage and ensure regulatory compliance.
- Expansion and Innovation: The INR 28 crore funding will be used to scale the company’s solutions, develop new offerings for groundwater intelligence and wastewater management, and expand into new industrial markets, particularly in water-scarce regions like the Middle East and Africa.
- Industry Impact: FluxGen has already helped companies like TATA Steel and Mahindra Group save up to 30% in water usage, demonstrating the potential impact of its technology on both financial savings and environmental sustainability.
- Founder Vision: The founders, Ganesh Shankar and Emanuel Deepak, are focused on making water management more transparent and efficient. Ganesh Shankar noted, “Water is a business imperative. With the increasing impact of climate change and stringent regulations, businesses need to act fast,” highlighting the critical role water conservation plays in future business sustainability.
- Global Growth Potential: With a growing market for smart water management solutions, FluxGen is poised for significant international growth, with plans to expand its footprint globally while addressing water-related challenges in diverse industries.
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Conclusion
FluxGen’s successful funding round marks a significant milestone in its journey to become a global leader in industrial water management. With the support of INR 28 crore, the company plans to scale its AI and IoT-powered solutions, expand into new markets, and innovate further to address critical water management challenges.
By focusing on sustainable practices and offering real-time insights, FluxGen is poised to help industries optimize water usage and drive both environmental and financial impact. With its ambitious expansion plans, particularly in water-scarce regions, FluxGen is well-positioned for rapid growth and long-term success in the climate tech sector.
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