Evolvence Capital

Park Place Tower

Sheik Zayed Road

Level 15, Box 31309

Dubai,

United Arab Emirates
Investor type PE
Founded 2000
AUM -
Location United Arab Emirates

Profile

ELIPS is A joint venture between Emirates Central Cooling Corporation (Empower), the largest district cooling service provider in the region, and A Danish based Logstor, a leading provider of pre-insulated pipes and innovative thermal solutions.

The manufacturing facility is located in Jabel Ali Industrial Area No. 1, Dubai & spread over 92,817m². The manufacturing plant is state of art with foaming machines operated by Robots which insulate & jacket Pipe ranging from 50 mm up to 2000 mm. The pre-insulated pipes manufactured at ELIPS are used in energy-efficient transportation of liquid for district cooling & heating, oil & gas, solar, marine and industrial projects.

Industry focus

Industrial Oil and Gas Other Business Services (B2B) Transportation Energy Education Edtech

Investment preferences

Investment Ticket

$10-50 m

Investment Horizon

3-5 years

Investment Stage

Growth

Pre-IPO

Exit Strategy

Sale to strategic investor

IPO

Region focus

Middle East Africa

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