Jaffer Business Systems (JBS) has acquired a large stake in ENA (Energy N Automation), a green technology, energy and IoT startup, with an investment of Rs 300 million.
The agreement was signed between JBS and ENA in an online ceremony in accordance with the government’s standard operating procedures (SOPs) for COVID-19. JBS is among the leaders in the Pakistani IT industry. Over the years, JBS has successfully provided innovative, unique and profitable solutions to companies.
After acquiring a large stake in Blutech 4 years ago, ENA is the second startup being acquired by JBS.
In this regard, Syed Veqar Ul Islam, CEO of Jaffer Business Systems (Pvt) Limited, said:
Contrary to popular belief, it has been observed that only 16% of startups fail due to lack of access to finance. Our investment model, while promoting entrepreneurship, provides structure. A fundamental platform for the success of the new system. Our role is to work with startups in a way that mitigates the risks of failure and provides them with structure, management and support to help them expand, innovate and succeed.
ENA is a startup founded in 2016 that provides Internet of Things (IoT) and energy solutions to companies focused on the financial sector. ENA’s aims to connect the world through the Internet of Things and contribute to a greener world by reducing carbon emissions and fuel consumption, thereby redefining energy and connectivity.
Our vision for 2024 is to connect to 25,000 IoT devices, which translates into energy savings of up to 32,500 MW, as well as the installation of 10,000 supercapacitors, reducing fuel consumption by 105 million litres and reducing CO2 emissions by 300,000. tons: 14 million trees to work.
ENA CEO Amir Salman said:
We are a company that seeks to unite and unite the business world. We are committed to providing the world with the latest hybrid technology that saves fuel, reduces operating costs and makes a significant contribution to the environment. As we move into the future, our used IoT cases will develop connectivity that will help reduce energy consumption, provide better control over energy bills, and prevent misuse. JBS provides us with the right brand image and platform that will go a long way toward exceeding our goals in terms of size, excellence and innovation.
JBS ‘strategy is to have a significant impact on the nation’s business ecosystem by empowering startups and helping them succeed. JBS plans to continue investing in at least 8-10 other startups that offer innovative products and solutions to impact the lives of individuals, businesses, and communities in the regions in which it operates. Building on the dynamic JBS platform, ENA will successfully expand and innovate.
As one of the leading IT companies, JBS is constantly striving to improve and expand the entrepreneurship ecosystem by supporting and assisting new startups and aspiring entrepreneurs in Pakistan.
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