Written on: July 22, 2020 by ICM
When his air conditioning failed in the middle of summer in Houston, an idea was born. Engineer Sandeep Apsangi founded the startup HVACIntel, Dallas, which is expected to disrupt the HVAC industry with its patented IoT platform that monitors HVAC systems, proactively detects operational issues and prevents failures.
“The device and platform proactively alerts the homeowner, contractors and businesses about problems with their air conditioning systems,” Apsangi says. “This leads to convenience to the end consumer, customer loyalty, and trust for the contractors and boosts future business by predictions, not by sudden failures.”
According to Apsangi, around 60 million HVAC units in the U.S. aren’t monitored or connected to the contractor and distributor ecosystem, which represents a $7 billion untapped market.
HVACIntel was partially funded by Impact Ventures, an integrated capital fund created to address the gender and racial wealth gap in North Texas and beyond. Aspangi was selected as a Spring 2020 Fellow.
Apsangi will be looking for angel investors to fund installation and development goals for the next few years.
Read more at https://dallasinnovates.com/impact-ventures-meet-hvacintel-an-iot-platform-that-helps-contractors-manage-hvac-installations/
Source: Dallas Innovates