Evolvence Capital

Investor type

PE

Last fund created

2000

AUM

-

Location

United Arab Emirates

$10-50 m

Investment Ticket

3-5 years

Investment Horizon

Series B, Late Stage (Series C+)

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

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

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

Region of investment

Middle East Africa

Contacts

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Title
Email
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zsfKZ6EyWJ4XtCSY Investment Associate
Investment Associate
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zsfKZ6EyWJ4XtCSY Founder & CEO
Founder & CEO
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zsfKZ6EyWJ4XtCSY Partner - Evolvence India Fund
Partner - Evolvence India Fund
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zsfKZ6EyWJ4XtCSY Principal
Principal
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zsfKZ6EyWJ4XtCSY Partner
Partner
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