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.
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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