Coolerado products are designed to achieve electricity savings of up to 90% compared to conventional air conditioning systems and are claimed to be maintenance free, thus bringing bottom line savings to its customers.
The NewWorld investment is expected to enable Coolerado to expand its sales of energy-saving air conditioning and product support capability in domestic and international markets, and also to increase and automate its production capacity.
Further, Coolerado will be able to leverage the experience, skills and market access of the NewWorld team to meet the rapidly-growing global demand for its air conditioning that has energy-efficiency and carbon emission reducing capability.
NewWorld Capital founding partner Ali Iz said that the firm is deeply impressed with Coolerado’s innovative commercial air conditioning products and the economic benefits they bring to customers.
“We look forward to working with Coolerado and its team to achieve significant sales and earnings growth, as the company deploys its energy-saving products around the world to reduce the financial and environmental costs associated with air conditioning,” Iz said.
