Founders Adrian Rhaese and Linh Pham transitioned from banking careers to establish ENVIOTECH, a smart city startup focused on revamping street lighting. Motivated by personal experiences, they aim to address safety concerns linked to outdated infrastructure. ENVIOTECH has successfully raised €1M in pre-seed funding to advance its smart lighting solutions, which promise to reduce energy consumption by up to 80% through quick retrofit systems. The funding round was led by Jürgen Fitschen, former Co-CEO of Deutsche Bank, among other notable investors. This marks a significant milestone for the startup, allowing it to expand pilot projects and further develop its technology. Adrian and Linh represent a new generation of entrepreneurs dedicated to solving real-world problems, underscoring their commitment to smart city innovation.
How Did ENVIOTECH Secure €1M for Smart City Innovations?
