CIMCON Lighting the leading global provider of intelligent lighting and Smart City technologies announced today a 15 million Series B funding round led by Energy Impact Partners EIP a collaborative strategic investment firm that counts leading utilities as its limited partners Lindsay Luger Managing Director at EIP led the investment and joined the company’s board of directors EIP joins prior investors Launchpad Venture Group Clean Energy Ventures TiE Boston MassCEC and others
CIMCON’s hardware and cloud-based or on-premises software helps utilities municipalities and transportation departments reduce energy repairs and maintenance expenses while increasing the quality of lighting services through intelligent energy asset and fault management Since its founding in , the company’s best in class solutions have been used to monitor and control hundreds of thousands of outdoor street and roadway lights in 16 countries
The investment will be used to support CIMCON’s channel partners and accelerate development and deployment of the company’s Smart City product portfolio
The worldwide upgrade to LED lighting coupled with added pressure on cities to reduce operating costs and provide enhanced services to residents has helped drive adoption of our technologies said Anil Agrawal Founder amp CEO of CIMCON Lighting CIMCON delivers immediate value to our customers while providing a clear path to future Smart City applications such as environmental sensors traffic and pedestrian monitors video analytics electric vehicle chargers and smart phone apps We are pleased to partner with EIP as we respond to customer demand to go beyond intelligent lighting by integrating additional grid edge devices and associated data analytics to help realize their vision for a Smart City ”
Lindsay Luger Managing Director at EIP added CIMCON’s software and hardware solutions provide owners of outdoor lighting with a strong value proposition today as well as a path to enable Smart City applications of the future Our utility partners that own and operate city street lights are increasingly interested in improving the cost and performance of these systems as well as providing the public with additional services We are excited about the natural fit between the utilities strategic direction and CIMCON’s capabilities and vision ”
About CIMCON Lighting Inc
With a heritage of over 25 years of innovation and experience in industrial automation and outdoor wireless applications CIMCON Lighting is the world’s leading provider of intelligent wireless outdoor lighting controls and Internet of Things IoT)-enabled Smart City lighting management solutions The company’s technologies provide a future-proof platform that enables cities to begin their path to smart by managing monitoring metering and even monetizing street lights and other assets to improve quality of life for city residents CIMCON’s solutions are appropriate for street and roadway lighting parking lots and garages business and college campuses and a variety of industrial applications For more information please visit www cimconlighting com
About Energy Impact Partners
Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation Through close collaboration with its strategic investor base EIP seeks to bring the best companies buying power and vision in the industry to bear on the emerging energy landscape EIP’s partners include Southern Company National Grid Xcel Energy Ameren Great Plains Energy Fortis Inc , AGL Avista Madison Gas and Electric Co , and TEPCO For more information visit www energyimpactpartners com
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