WEGoT Utility Solutions

WEGoT Utility Solutions Pvt. Ltd., founded in 2015, is a technology company addressing the critical issue of water scarcity in urban environments. The venture was established by Abilash Haridass, Vijay Krishna, Mohamed Mohideen, and Sundeep Donthamshetty. The founders' collective expertise, with Abilash's background in business development, Vijay's in sales and marketing, Mohamed's in technology, and Sundeep's in finance, created a solid foundation for tackling a complex utility management problem. Their journey began with the realization that a significant portion of water in Indian apartment buildings was unaccounted for, leading them to develop a solution to track and manage consumption effectively.

The company operates in the property technology (PropTech) and Internet of Things (IoT) markets, specifically focusing on water management for residential and commercial properties. Its business model centers on providing a comprehensive water management solution, WEGoT aqua. Revenue is generated through the sale and installation of their proprietary IoT sensors and a recurring subscription fee for access to their software platform. This Software-as-a-Service (SaaS) component provides ongoing value and generates predictable income streams. The primary clients are real estate developers, building managers, and apartment associations who are looking to reduce water consumption, detect leakages, and implement a fair billing system.

WEGoT's core product, 'aqua', is an end-to-end water management system that combines ultrasonic sensors with a cloud-based software platform. These IoT-enabled sensors are installed at various water consumption points within a building, allowing for the precise tracking of water usage for each individual unit. A key feature is the system's ability to detect and send real-time alerts for leaks, broken pipes, or abnormal usage patterns directly to a user's mobile app or web dashboard. This allows for immediate action, including the remote shutdown of water flow to prevent wastage. The platform provides detailed analytics and reports, empowering facility managers with a centralized view of the entire building's water infrastructure and enabling individual users to monitor their own consumption. By accurately measuring usage, the system facilitates a shift from collective, unmetered billing to a model where occupants are billed for their actual consumption, thereby incentivizing water conservation.

Keywords: water management, IoT, smart water metering, PropTech, utility solutions, SaaS, water conservation, leak detection, real estate technology, smart building