Yokogawa Enters Investment and Collaboration Agreement with Ideation3X, a Startup Taking a Circular Economy Approach to Waste Management in India

Yokogawa established a local subsidiary in the Indian market in 1987 and has since been delivering control systems for plants in the energy industry, monitoring systems for water supply and wastewater networks, and other industrial products and solutions. The company also has significant experience in providing control systems for waste-to-energy plants around the world. Through this investment in i3X, Yokogawa will be able to contribute to the formation of a circular economy based ISWM framework that is appropriate for the Indian market, and make full use of its measurement and control technologies to support the achievement of the Clean India Mission. While providing technical support for the development of i3X’s business, Yokogawa will also look to expand its engagement in this sector by undertaking the formation of a consortium with related organizations and companies.

Tsuyoshi Abe, a Yokogawa senior vice president and head of the Marketing Headquarters, commented, “Yokogawa has been investing strategically to develop business opportunities in the growing Indian market. This investment enables us to bring together Ideation3X’s knowhow, the ecosystem that will form around its business, and Yokogawa’s technology and experience. I feel confident that we will be able to expand our business while helping to address one of India’s most serious social issues. According to the United Nations and other sources, the world population continues to increase at a rate of 140 people per minute. In addition, the average life expectancy is getting longer, and we must be prepared for the increased burden on the global environmental as we approach the age of 10 billion people and 100-year lifespans. By utilizing our ability to measure and connect, we aim to fulfill our responsibilities for the future of our planet.”

An investment round following the Series A round for start-up companies. In contrast to Series A, which focuses on development of the product, the main objective of Series B is to develop a successful business.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.