INDIA: In the heart of India’s bustling manufacturing industry, a groundbreaking startup, Eugenie.ai, is spearheading a green revolution with its AI-driven digital twin technology. The California- and Mumbai-based company is empowering major asset-heavy manufacturers to tackle Scope I emissions, making significant strides towards achieving their net-zero objectives and contributing to global sustainability efforts.
Addressing India’s Emission Conundrum
India, one of the world’s largest greenhouse gas emitters, grapples with substantial emissions, primarily emanating from the power, agricultural, and manufacturing sectors. According to an IMF Working Paper, the manufacturing sector accounts for 17% of the country’s total emissions, emphasizing the need for innovative solutions. Eugenie.ai, founded in 2018 by Dr Soudip Roy Chowdhury, is at the forefront of this eco-friendly transformation.
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The Birth of Eugenie.ai
Driven by a personal mission to combat the adverse effects of industrial emissions, Dr Chowdhury redirected his career towards machine learning and entrepreneurship. Eugenie.ai was born out of his vision to create an emissions intelligence platform that could redefine manufacturing practices, making them more sustainable and environmentally friendly.
Emissions Intelligence Platform
Eugenie.ai’s Software as a Service (SaaS)-based platform utilizes AI-driven digital twins, virtual replicas enhanced by AI, for real-time tracking of machine performance and emissions data. This deep-tech approach allows precise measurement and attribution of emissions to individual machines and processes. With a clientele including industry giants like Tata Steel, HPCL, Jabil, ExxonMobil, and Nexa Resources, Eugenie.ai covers the full spectrum of emissions tracking, offering a comprehensive solution for organizations committed to reducing their carbon footprint.
Business Prospects and Challenges
While Eugenie.ai faces the challenge of extended sales cycles in the industrial decarbonization sector, it distinguishes itself from competitors by providing a single-point solution. The startup adopts a monthly subscription model, offering flexibility in user licenses and technical support hours.
Funding and Growth Plans
Having raised $4.4 million from Fractal AI, Eugenie.ai is gearing up for its next round of funding as it expands into the US, Latin America, and the Middle East and Africa. With over 70% of its current business coming from the US, the company plans to achieve a more balanced distribution in the coming years. The team, currently consisting of 21 members, is set to grow to approximately 25 by the end of the year.
Contributing to a Sustainable Future
As the global environmental intelligence platform market is projected to surpass $3.28 billion by 2035, Eugenie.ai envisions reducing harmful emissions equivalent to taking 40 million cars off the roads annually. Dr Chowdhury emphasizes their mission to not only combat climate change but also protect future generations from its repercussions.
Eugenie.ai’s recent recognition in TechSparks 2023 and inclusion in YourStory’s Tech30 list further solidifies its position as one of the most promising Indian startups, driving positive change in the manufacturing landscape.
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