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Energy Drive focuses on reducing energy use in industrial plants by providing turnkey, zero-capex energy savings solutions for pump and fan motors. They install and manage energy-saving systems powered by variable speed drives (VSD) for low- and medium-voltage motors, and they guarantee net monetary savings for each system with no upfront installation cost. The company differentiates itself through disruptive collaboration with clients, offering guaranteed savings, and a willingness to fund the capital for energy-efficiency projects. They work across industries such as mining, chemicals, manufacturing, food and beverage, paper and packaging, textiles, power generation, and rubber. The goal is to change how industry uses energy by delivering verifiable energy efficiency and environmental savings and improving industrial energy performance.
Industries
Consulting
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$26.4M
Headquarters
Hillcrest, South Africa
Founded
2011
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Total Funding
$26.4M
Above
Industry Average
Funded Over
1 Rounds
Health Insurance
Disability Insurance
Life Insurance
Remote Work Options
Energy Drive Systems, a subsidiary of Apogee Sustainability Ltd, has secured a $27M investment from The Pears Family to support its international expansion. The company, which provides zero-capex energy efficiency solutions for large motors, will use the funds to grow in North America and Europe. The investment highlights the increasing demand for energy cost reduction and emissions cutting in energy-intensive industries.
Energy Drive, a South African firm specializing in energy-saving solutions for large motors, has secured £20 million from UK-based Pears Partnership Capital for global expansion. The company offers a capex-free service using VSDs and proprietary technology to cut energy use by 43% in sectors like mining and metals. Energy Drive manages installation and maintenance, providing verified savings. Clients include ArcelorMittal and Glencore, with over 1TWh of energy saved and significant emissions reductions.
Industrial automation firm Rockwell has partnered with Energy Drive, an energy-efficiency specialist based in Durban, South Africa, to provide energy-saving-as-a-service (EaaS) partnership to Sibanye-Stillwater Driefontein mine in South Africa, resulting in reduced emissions and significant annual energy savings.
A solution EnergyDrive Systems were proud to be recognised for with the SAEEC Energy Company of the Year (2019) award.
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Industries
Consulting
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$26.4M
Headquarters
Hillcrest, South Africa
Founded
2011
Find jobs on Simplify and start your career today