Elstat

A cool drink with minimum energy

There are many millions of drink coolers and vending machines around the world, all drinking gallons of energy. Elstat's energy management devices save up to 60% of this, by adapting intelligently to the environment in which appliances operate. Elstat's products have been installed in more than 5 million coolers worldwide, notably with the Coca-Cola Company.

CEO ELSTAT web

"ETF has been a major contributor at the board level of our connected devices strategy. Thanks to ETF's expertise in IoT we have been able to confidently develop our new offering and business model."

Nick Nearchou, CEO, Elstat

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Milestones 

  • Elstat announces it has saved retailers $2bn on energy costs in just two years, making a significant impact on global energy consumption.
  • Raises growth capital investment from ETF Partners, September 2011.
  • Elstat launches its revolutionary Nexo range of connected controllers.