[PRESS RELEASE] Axon invests in Energy Efficiency as part of its impact strategy

Following the recent listing on the BME Growth, Axon continues to expand its impact investment portfolio by investing in Uptime Analytics, a company focused on sustainability and energy efficiency based on artificial intelligence

With its sights set on the era of sustainable consumption, Axon created the Corporate Venture Capital unit in 2020 to access the best entrepreneurs and high-impact sustainable technologies in the field of energy efficiency. After two years of sector analysis and extensive experience in impact investments, the firm is accelerating its international positioning by leading a capital round in Uptime Analytics, a leading company in the Latin American energy efficiency market. The investment round will be executed as part of the Colombian multi-utility’s Ventures EPM programme, focused on boosting entrepreneurs with differentiating capabilities that incorporate science and technology for energy and digital transformation and the circular economy.

According to the International Energy Outlook report, global energy consumption is projected to grow by nearly 50% by 2050, with the industrial sector accounting for more than half of global end-use energy consumption. Uptime Analitycs has identified opportunities to reduce energy consumption and CO2 emissions by employing digital solutions and models based on artificial intelligence. These developed models place Uptime in a privileged position with growth potential in the energy savings market. With Axon’s support and expertise, the company will accelerate its expansion into other industrial sectors, consolidate its platform and library of artificial intelligence models, and enable it to leap into Europe. 

This investment reaffirms Axon as a leading reference manager in high-impact investments promoting energy transition, utility sector sustainability, and energy efficiency-related technologies.

Joining forces with Axon and the EPM Ventures programme will have a very positive impact on accelerating the reduction of CO2 emissions, contributing to the country's sustainability goals and having a greater impact on other companies. This investment will allow us to ratify our technology and business model, bringing benefits to our customers and market.

The company is pleased to promote and contribute to the growth of Uptime, providing all the experience Axon can offer as a management company with a high degree of specialisation in impact investments in the energy transition.

Nicolás Ríos, Senior Manager Axon Tweet

About Axon:

Axon is a global alternative investment and strategic advisory firm with a unique positioning and a high degree of specialisation in technology. It combines international experience in top-tier VCs with global advisory and consulting, establishing itself as a leading firm in identifying high-impact investments that promote energy transition and sustainability in the utilitytech sector and energy efficiency-related technologies. Axon was listed on the Madrid Stock Exchange (BME Growth) with a trading price of €19.10.

About EPM:

EPM is a multinational utility company with more than 14,000 employees and 12 million customers in 6 countries (Colombia, Panama, El Salvador, Guatemala, Mexico, and Chile). It focuses on the businesses of generation, transmission, distribution and commercialisation of energy, commercialisation of natural gas, management of drinking and wastewater and waste management. It is projected as a multi-Latin business group of 48 companies, being a benchmark in operational excellence, reputation and transparency. Ventures EPM is the Corporate Venture Capital programme that, since 2013, has invested in innovative entrepreneurs associated with the EPM Group’s businesses.

About Uptime:

Uptime is a leading company in the Latin American energy efficiency market dedicated to the extraction and analysis of data from the operation of industrial equipment to manage their energy consumption, creating opportunities for savings, predicting operational failures and reducing CO2 emissions.

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