Singapore’s TablePointer raises $3m to expand energy efficiency platform

TablePointer Pte Ltd, a Singapore-based start-up that provides Energy-Efficiency-as-a-Service (EEaaS) solutions, has secured more than $3 million in an oversubscribed seed funding round led by Wavemaker Partners, AgFunder, ENGIE, and Steve Melhuish.

The funds raised will be used to expand the company’s technology platform with new features, product modules, and enter fast-growing markets in the region.

The company’s plug-and-play energy efficiency technology, specifically designed for the food and beverage industry, offers an innovative zero upfront costs approach. TablePointer’s business model has led to fast adoption by both small independent outlets, as well as some of the largest most recognizable F&B chain brands.

Jason Tang, CEO of TablePointer, stated that the new funding will enable the company to enhance its technology platform and extend its reach into the rapidly growing Asian energy efficiency market. The company’s easy-to-deploy technology stack, and scalable SaaS model, not only make it a compelling partner for enterprises everywhere seeking to achieve energy savings and efficiency but also a perfect addition to the AgFunder SIJ Impact Fund portfolio.

Angela Tay, Senior Investment Associate, AgFunder Asia, praised TablePointer’s first-mover, leadership advantage in the highly fragmented $20 billion Asian energy efficiency market. She added that the company’s business model helps food and beverage businesses manage their energy consumption while reducing their carbon footprint.

By eliminating the need for costly and complex facility upgrades, TablePointer’s EEaaS model leads to optimal savings and allows businesses to stay competitive while contributing to climate change efforts.

The company’s efforts to increase energy efficiency and reduce carbon emissions are having a significant positive impact on the environment. By helping its customers reduce their energy consumption, TablePointer is helping to reduce greenhouse gas emissions and combat climate change with a strong commitment to sustainability and environmental responsibility.

Steve Melhuish, Chairman of TablePointer and Founding Partner, Wavemaker Impact, noted that the F&B industry has been slow to adopt sustainability solutions due to perceived lack of rapid ROI. However, TablePointer addresses this problem by offering a plug-and-play solution that provides immediate tangible savings and significant reduction in greenhouse emissions – without any upfront costs.

Thomas Baudlot, CEO for Energy Solutions APAC and Country Head for Southeast Asia, said that TablePointer’s business model is aligned with ENGIE’s mission to accelerate Southeast Asia’s energy transition towards carbon neutrality while ensuring it remains affordable and sustainable.