Ambi Labs Earns Spot in Prestigious Free The Electron Accelerator Program
Ambi Labs, the makers of smart AI-enabled airconditioner (AC) control, Ambi Climate, announced today it was accepted to the 2019 class of Free The Electron.The AIoT Smart AC controller startup is the only Asian entrant in the 2019 class of the world’s most promising startups to work with leading utility companies.
Free The Electron is a startup Program focused on the energy sector where selected startups have the chance to work alongside 10 Global Energy Utilities – the Free Electrons consortium – for the course of one year. The finalists will compete for the coveted “Free Electrons World’s Best Energy Startup” with a prize of USD 200,000 – no strings attached.
Out of over 400 global applications, Ambi was chosen to be among the top 30 to attend a grueling 2 day bootcamp in Dublin, Ireland in early April. After doing a showcase and having various 1-to-1 meeting with global utilities firms, Ambi was the only Asian startup to be selected among the top 15.
“We are excited for the opportunity to represent the Asian startup community in Free The Electons and get the chance to work not only with an inspiring group of mentors but also with the other exceptional startups,” said Julian Lee, CEO and founder of Ambi Labs. “Free The Electrons will give our team the opportunity to look at ways we can take our technology and expand its application within the energy sector.”
Besides executing great pitches, Ambi Labs produces Ambi Climate, which creates personalised AC comfort and saves energy at the same time. Typically ACs only operate around temperature, Ambi Climate uses AI and machine learning to account for (humidity, sunlight, weather, metabolic cycle, personal feedback) to improve your thermal comfort. By doing so, ACs will need up to 30% less energy by preventing overcooling.
A cornerstone of the accelerator program includes three international modules across the globe, where participants will work closely with local accelerators, utilities, mentors and other resources in order to jump-start their company’s growth.
Following this, the top 15 startups will begin the 3 separate but intensive 3 day modules. The first will be in Columbus, Ohio from May 21st – 24th. The objective is to match solutions with concrete challenges and define collaborative roadmap for the first pilot among startups and Utilities.
The second will be in Hong Kong from June 25th – 28th. The objective of this module is to define the scope of potential pilot projects, present to all Utilities and Startups the progress made on their first pilot and go forward with commercial transactions and/or investment contracts. The Asia module offers an immersion in the world’s leading clean tech innovation ecosystem, connecting startups to the epicenter of the technology world.
The final module will be in Lisbon, Portugal from September 16th – 19th. It will be focused on concluding negotiations of pilot projects as well as the definition of scaling prospects. Besides granular contract discussions, a final pitch event and an award ceremony before representatives of the clean tech innovation ecosystem with will take place.
