By Telecom Lead Team: Hyderabad Angels has invested Rs 2
crore in Green India Building Systems and Services (GIBSS). This
investment in green energy provider GIBSS was led by serial entrepreneur Sashi
Reddi.
GIBSS focuses on energy efficient Geothermal, hot water cogeneration and
lighting systems that help buildings reduce operational costs by 60-80 percent.
GIBSS also offers special solutions such as zero initial investment model,
performance bank guarantees and buy back of energy guzzling conventional
systems.
GIBBS has generated savings of over 5 million electrical
units in buildings across India, reduced 75 million liters of water
usage and 6000 tons of carbon footprint.
“We look forward to creating larger positive triple
bottom line impact through wider reach and innovative solutions that address
all customer pain points,” said Arun Shenoy, co-founder of GIBSS and vice
president, Sales and Marketing.
“GIBSS is the leader in green building systems with their USP of pay-from-savings
model. Coupled with the low payback periods, GIBSS state of the art disruptive
technologies have a huge market potential. We will be helping GIBSS monetarily
along with continuous mentoring for disproportionate business growth,”
said Sashi Reddi, founder of SRI Capital Fund and the lead investor from
Hyderabad Angels Network.
According to a press release, GIBSS helps businesses
reduce costs and raise productivity through triple bottom line energy
efficiency products and solutions in their buildings. With its zero initial
investment or Pay from Savings model and performance bank guarantees, GIBSS has
made technologies commercially viable to its clients.