Commercial buildings all around the world generally consume immense amounts of energy, thereby generating high levels of carbon emissions. As a result of the growing interest in sustainability, several startups are taking the necessary steps to reduce the carbon emissions in the real estate industry. One such startup is R8 Technologies, a portfolio company of Pontos Group, which has secured investment to step into new markets.
Technology to reduce CO2 emissions
Tallinn-based R8 Technologies (R8tech) has raised €900K funding, which will be used to expand into new markets. Pontos believes that the company can play a major role in accelerating change in real estate.
“Pontos has supported R8tech for many years, and we feel that the new investments indicate strong trust in the company’s constant growth and internationalisation. We strongly believe in the digitalisation of construction and real estate, and R8tech is a great example in this area. With technology, we can significantly reduce the CO2 emissions of real estate,” says Pontos’ Investment Associate Tor-Oskar Karlberg. Notably, Pontos owns 23 per cent in R8tech with this investment round.
Eyes 3x growth in 2021
R8tech provides a digital building operator platform, which automates the management of heating and air conditioning systems in commercial properties. R8tech’s technology results in 10 per cent to 20 per cent of energy savings per property while maintaining high air quality indoors. Furthermore, it minimises CO2 emissions significantly, claims the company. .