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AltoTech logo — Alto Energy Edge: AIoT Energy Management Platform for Hotels...

AltoTech

Alto Energy Edge: AIoT Energy Management Platform for Hotels, Buildings, Factories, and Smart Cities

Founded 2019 Thailand Thailand 32 employees Grant Total: $10.00K Energy

General Information

Company Name AltoTech
Founded Year 2019
Location Thailand Thailand +1
Employees 32
Industries Energy
Funding Stage Grant
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About AltoTech

AltoTech is an early-stage startup based in Bangkok, Thailand, with a mission to revolutionize the hospitality and energy sectors. The company's flagship product, Alto Energy Edge, is an AIoT Energy Management Platform designed to help hotels, buildings, factories, and smart cities optimize energy consumption and reduce electricity costs. By leveraging IoT and Reinforcement Learning algorithms, AltoTech aims to assist over 32,000 hotels in Thailand and Southeast Asia in achieving energy efficiency. The platform consolidates data from various sources such as AMI meters, property management services, staff operations, and guest occupancy to create a "Self-Driving Air" system. This system autonomously controls air conditioners to adapt to outdoor/indoor weather conditions, occupancy levels, and electricity rates, ultimately aiming to minimize energy consumption while ensuring guest comfort. With hotels accounting for 12% of Thailand's electricity bills and air conditioners consuming 60-70% of a hotel's electricity, the potential impact of AltoTech's solution is substantial. Notably, AltoTech has already deployed its IoT devices at Chaweng Buri hotel in Samui, as well as at Mintel and Naplab co-working spaces in Bangkok. The startup has also attracted interest from other hotels in Pattaya, Chiangmai, and Phuket. In October 2021, AltoTech secured a $10.00K grant investment, signifying growing support for its innovative approach to energy management. As the company continues to expand its presence in the Thai market and beyond, it has the potential to disrupt traditional energy practices and drive substantial savings for businesses.

Taxonomy: AIoT, Energy Management, Reinforcement Learning, Hospitality, Energy Efficiency, Smart Cities, System Integrator, Electric Vehicles, Solar PV Rooftop, Chiller Optimization, Battery Energy Storage

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• - 25 Oct 2021
Seed Round •••••• 1 •••• •••• 24 Aug 2021
Seed Round •••••• 1
Investor
01 Jan 2021

AltoTech Alternatives & Competitors

AltoTech vs
D-ENERGi
D-ENERGi United Kingdom

One Stop Energy Solution Provider

31 employees
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AltoTech vs
Look After My Bills
Look After My Bills United Kingdom

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AltoTech vs
The Ogni Group
The Ogni Group United States

We are a team of professional Engineers, Energy Auditors, and certified Energy Managers.

11 employees
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FAQ About AltoTech

Alto Energy Edge: AIoT Energy Management Platform for Hotels, Buildings, Factories, and Smart Cities
AltoTech was founded in 2019.
AltoTech is headquartered in Thailand.
AltoTech operates in the following industries: Energy.
AltoTech has approximately 32 employees.
AltoTech has completed 3 funding rounds, raising a total of $10.00K. The latest funding stage is Grant.
Top alternatives and competitors to AltoTech include D-ENERGi, Look After My Bills, The Ogni Group, Evelar Solar, Kuga Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
AltoTech and D-ENERGi are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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