ICE Gateway, a Berlin, Germany-based intelligent LED-Lighting company, received an investment from High-Tech Gründerfonds.
The amount of the transaction was not disclosed.
Led by CEO Ramin L. Mokhtari, ICE Gateway integrates efficient LED-lamps with proprietary communication and control electronics for the M2M infrastructure of smart cities and outdoor facilities of industrial customers.
The communication modules allow high energy saving, quality and long life-time, compared to conventional LEDs.
The idea of the company is to exploit EU regulations that require the progressive replacement of mercury-vapor-based lamps until 2015 creating a market opportunity of over 30 million streetlights that will be replaced. ICE Gateway intends to use this opportunity for the outdoor LED market, in order to install a broad base of M2M communication gateways and offer additional services.
In combination with a Lighting-as-a-Service contracting model, along with a player of the telecommunications industry, ICE Gateway offers the replacement of the lamps without initial capital investment and with an immediate reduction of operative expenditures through energy saving.