Avoca, a startup specializing in AI-driven HVAC technology for smart buildings, has raised ₹100 crore (approximately $12 million) in a recent funding round. The investment will accelerate the development of its intelligent climate control systems, which leverage machine learning to optimize energy efficiency and comfort in commercial and residential spaces. The company's solution integrates real-time data analysis to predict and adjust heating, ventilation, and air conditioning needs, reducing energy consumption by up to 30%. This funding marks a significant milestone for Avoca as it aims to expand its footprint in the Indian smart building market.
"Our AI technology is set to revolutionize how buildings manage energy," said a company spokesperson. "We are thrilled to have the backing of investors who share our vision for a sustainable and intelligent future."
The round was led by prominent venture capital firms, though details of the investors remain undisclosed. Avoca plans to use the funds to enhance its R&D capabilities and scale its deployment across major Indian cities.