TablePointer CEO & Board Director Jason Tang
Early this week, energy-efficiency-as-a-service (EEaaS) startup TablePointer announced an over US$2.3 million oversubscribed seed funding round led by Wavemaker Partners, AgFunder, and ENGIE Factory. The Singapore-based firm will invest the money to develop new features and product modules and foray into new markets in Southeast Asia.
e27 had a quick chat with Founder Jason Tang about the challenges in the energy management solutions industry and how the company tackles them with its cutting-edge solutions.
Excerpts:
Can you tell us more about your energy-efficiency-as-a-service solution and how it works?
Our energy-efficiency-as-a-service solution leverages Internet of Things (IoT) sensors to collect energy data and machine learning algorithms to identify opportunities for energy efficiency. The solution involves the installation of devices that monitor operational activities and energy usage, then using data analysis and machine learning to identify areas where energy can be saved, and regulate the customers’ equipment for energy savings.
TablePointer also provides ongoing support and maintenance for these devices.
How does TablePointer differentiate itself from other energy management solutions in the market?
Our USP is that we offer a subscription-based model that eliminates upfront costs and guarantees energy savings for clients. We also emphasise a data-driven approach that continuously monitors and optimises energy consumption.
What are some of the challenges that you face in the energy management industry, and how do you plan to address them?
Some of the challenges we face include low awareness about the potential benefits of energy efficiency and limited access to capital for energy efficiency projects.
Also Read: TablePointer raises US$2.3M to enter new markets with its IoT, AI-based energy efficiency solutions
To address these challenges, TablePointer plans to educate potential clients about the ROI of energy efficiency, partner with financing institutions to offer attractive financing options and differentiate itself through its data-driven approach.
Can you walk us through some of the key features and product modules that you plan to add?
An enhanced analytics dashboard for customers, advanced IoT solutions for additional kitchen equipment, and improved data analytics algorithms.
Which markets in Southeast Asia are you targeting for expansion, and why? How do you plan to scale in these new markets?
TablePointer is targeting several markets in Southeast Asia for expansion — especially markets with significant potential for energy savings and home to many businesses that are looking to reduce their energy costs and improve their sustainability practices.
To scale the business in these new markets, TablePointer will need to invest in additional sales and marketing resources, as well as local partnerships and collaborations to better understand the needs of each market.
Can you discuss some of the key partnerships or collaborations that TablePointer has formed to date?
We have formed partnerships with several key players in the energy management industry, such as ENGIE, one of the world’s largest energy services companies, as well as a leading IoT and software technology provider. These partnerships help to ensure that our solution is compatible with the latest technologies in the market.
What is TablePointer’s long-term vision for the energy management industry, and how do you see the company contributing to that vision?
TablePointer’s long-term vision for the energy management industry is to create a more sustainable and efficient energy ecosystem, where businesses can easily and affordably reduce their energy consumption and costs.
To achieve this vision, TablePointer plans to continue investing in cutting-edge technology and analytics capabilities, while also working closely with customers to understand their needs and develop customised energy-saving strategies.
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