Green India Building Systems and Services (GIBSS)
| File:GIBSS logo.png | |
| ISIN | 🆔 |
|---|---|
| Industry | Clean Technology, Energy Efficiency, Geothermal |
| Founded 📆 | 2010 |
| Founders 👔 | Arun Shenoy, Mandar Kaprekar |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
Key people | Sanjeevani Kamalakar, Ramdas Shenoy, Arun Thomas, Balasubramanian Viswanathan |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Green India Building Systems and Services (styled as GIBSS) is an India-based clean technology company that specializes in geothermal air-conditioning technologies for cooling dominated tropical regions such as India. Headquartered in Mumbai, the company has offices in Delhi, Bangalore, Hyderabad and Singapore.
History[edit]
GIBSS was founded by Arun Shenoy and Mandar Kaprekar in 2009. Shenoy graduated from Oklahoma State University where he earned a master's degree in mechanical engineering with a specialization in building indoor environmental systems and geothermal heating/cooling systems.[1] He worked for Climatemaster and then Trane, world's largest manufacturer of large commercial air-conditioning systems, during which time he explored the idea of using geothermal technology to make substantial economic and environmental impact in buildings across India.[1] After 7 years in the US, Shenoy returned to India in 2008 to start a venture in the geothermal space in India. Shenoy met Kaprekar after returning to India to work for Trane. Kaprekar is an alumnus of the Indian Institute of Management Bangalore and had 15 years experience in high performance building systems and air conditioning industry and had moved from the middle east to start a venture in the energy efficiency and building systems space.[1][2] Shenoy is an alumnus of the Indian School of Business (ISB), Hyderabad.
The company officially launched in April 2010 after a field study on market opportunity and guidance from the Wadhwani Centre for Entrepreneurial Development at the Indian School of Business.[1] Initial funding for GIBSS came from the founders who bootstrapped for 3 years and funded research and product development.[1] During the early stages, the company conducted geothermal studies and developed geothermal strategies for 22 cities across India.[1] Outside funding for GIBSS came from SRI Capital and Hyderabad Angels.[3][4] It added Series A funding from Zurich-based responsAbility Investment[5] and clean technology focused fund Infuse Ventures in August 2015.[6] The undisclosed amount of financing was said to be used for scaling operations. The Series A funding was in addition to an undisclosed amount received from Infuse in April 2015.[4]
GIBSS has been recognized by numerous organizations for its technology, including receiving the Sankalp Award and Parivartan Sustainability Leadership Award in 2012.[2] For its Geothermal innovation, GIBSS has received the India innovation award by the Ministry of Science & Technology, Government of India and the ClimateSolver Award from the World Wide Fund for Nature.[7][8] GIBSS was also among 30 startups selected to be part of India-US Startup Konnect, a program in honor of Indian Prime Minister Narendra Modi's visit to Silicon Valley. Other Innovation Awards include
- Winner of Vibrant Gujarat Grand Challenge 2016
- Winner of Global CleanTech Innovation Award 2016
- Winner of Frost & Sullivan Innovation Award, 2016
- Winner of India Innovation Award, 2016 by Marico Innovation Foundation
- Winner of India Innovation Award 2014, by Department of Science & Technology, under Ministry of Science & Technology, Govt of India
- Winner of Bry Air Award for Innovative System Design in HVAC
- Winner of WWF Climate Solver Partner for positive environmental impact of GIBSS technologies towards Climate Change mitigation
- Winner of Indiafrica Fellowship supported by the Ministry of External Affairs, Govt of India
- Samsung CNBC Innovation Quotient Award Winner 2012
- Winner of Parivartan Sustainability Leadership Awards 2012
- Winner of Sankalp Award, 2012 for the most sustainable clean technology company in India
- Winner of TIE, 2010 Business Plan Competition
Technology[edit]
GIBSS provides a suite of ultra energy efficient innovations like Geothermal Air conditioning Systems, Hot Water Co-generation and LED lighting Systems. It provides geothermal cooling systems that are used for commercial, institutional, and industrial buildings.[9] As of 2015, the company's technology is used in 400 buildings across India, including in the Indian School of Business, Spencer's outlets of the RP-Sanjiv Goenka Group, and properties of JSW, Bellary, Karnataka.[9] The geothermal technology is designed to extract heat out of buildings and transfer it to the cooler earth, making the heat transfer process ultra energy efficient and 100% water efficient.[9] GIBSS claims a 50-60% reduction in cost for users, as well as proportional reduction in carbon footprint for buildings.[9]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Kanth, K Rajani (7 September 2015). "GIBSS: A step towards greener pastures". Business Standard. Retrieved 19 September 2015.
- ↑ 2.0 2.1 Samal, Itishree (18 March 2013). "GIBSS takes green steps to reduce energy costs". Business Standard. Retrieved 20 September 2015.
- ↑ "Hyderabad Angels invests 2 crore in GIBSS". The Hindu Business Line. Retrieved 20 September 2015.
- ↑ 4.0 4.1 Gupta, Bhawna (12 August 2015). "Cleantech startup GIBSS raises funding from responsAbility, Infuse Ventures". VC Circle. Retrieved 19 September 2015.
- ↑ Udgirkar, Trushna (26 October 2015). "VC funding for energy firms rise across the world: Mercom". LiveMint. Retrieved 28 October 2015.
- ↑ "Cleantech startup GIBSS gets funds from Zurich-based responsAbility Investments, Infuse Ventures". Economic Times. 7 August 2015. Retrieved 19 September 2015.
- ↑ "GHG Reduction - Geothermal Building Cooling Systems". ClimateSolver. Retrieved 20 September 2015.
- ↑ "Geothermal Air-conditioning can power 52 million Indian households by 2030". Sustainability Outlook. 30 March 2015. Retrieved 20 September 2015.
- ↑ 9.0 9.1 9.2 9.3 Kalavalapalli, Yogendra (7 August 2015). "Clean tech firms GIBSS raises funding from responsAbility, Infuse Ventures". Live Mint. Retrieved 19 September 2015.
External links[edit]
This article "GIBSS" is from Wikipedia. The list of its authors can be seen in its historical. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
