Water utility solutions provider WEGot looks for pan-India expansion
Chennai-based water utility solutions start-up WEGot is looking for an aggresive pan-India expansion in coming months.
The company is also looking to achieve the benchmark of saving 10 billion litres of water by implementing its water management solutions in one million homes and up to 5000 commercial and industrial buildings over the next three years.
WEGot said currently its aqua water management systems are installed across residential, commercial and industrial segments in Chennai, Bangalore, Hyderabad, Delhi-NCR, Kolkata, Jaipur, Mumbai and Pune, among other cities. The company has raised seed funding of $2 million (about Rs 15 crore).
Set up in 2015, WEGoT is now planning to expand to larger cities across India where there is water scarcity and issues related to water management. The start-up is also looking to expand in the overseas markets.
WEGoT is an IoT-based water management solutions provider that manages the entire water infrastructure in a property by acquiring granular consumption data that was previously unavailable through high-precision sensors that track flow, pressure, and quality of water and then applying it to the various water related applications in the property.
The company claims that its smart tracking systems – embedded water meters, IoT-based ultrasonic sensors, Cloud-based tracking systems – have helped save millions of litres of water.
“WEGoT aqua was innovated with an aim to reduce the water consumption by bringing about a much needed behavioral change in the way people use water. We are currently present in over 30,000 homes and 40 million sq ft of commercial space. In the long run, we aim to expand our reach not only across the country but also to the global level. We plan to target the Middle East and other developing countries where water scarcity is affected at a global level. As of today, since our inception in 2015, we have saved over 3 billion litres of water in the seven cities that we are present”, said WEGoT founder & CEO Vijay Krishna.
“In Bengaluru, we have implemented our water management solution in 105 live sites spread across 12268 homes having saved 1156 million litres of water. WEGoT aqua enables real time, data driven and automated decision making to reduce the water demand and increase the efficiency of water infrastructure in buildings”, said Krishna.
According to an official statement, WEGoT’s solution tracks the usage at all consumption points and generates bills as per water usage. The sensor also detects and notifies leakages, broken pipes, abnormal usage in real time via mobile apps and web dashboards. The company said it has innovated on the business model to increase adoption.
“Having mentored at Brigade REAP has helped us gain a deeper understanding of the real estate market where we could potentially target our solution. Through REAP we have also gained a good amount of access to the real estate market. We have taken several concrete steps to help maintain the head start we have as the early movers in this space. We are constantly involved in making updates to our integrated solution. We give the product for free and charge a nominal monthly subscription. We have the smallest sensors available, thereby making it the easiest sensor to install. The entire solution is a simple plug and play model which will help us scale faster”, said WEGoT co-founder & COO Mohamed Mohideen.
