The sustainability and clean technology fund, Infuse Ventures has invested an undisclosed amount in geothermal cooling space Green India Building Systems and Services (GIBSS).
Infuse Ventures funds is backed by IIMA CIIE, Government of India’s Ministry of New and Renewable Energy (MNRE) and Technology Development Board, IFC, BP, Godrej Industries, ICICI Bank, SIDBI, Bank of India and Union Bank
With customers across industrial, institutional and commercial setting GIBSS provides energy efficient and environmentally responsible technologies that help reduce operating costs in buildings by up to 70% to facilitate net zero energy buildings in India.
GIBSS had earlier raised an angel round from SRI capital and Hyderabad angels.
