New Zealand Green Investment Finance (NZGIF) is a green investment bank established with the purpose to accelerate investments that lower greenhouse gas emission activities in New Zealand.
This week NZGIF announced equity investment in Thinxtra, The IoT Telco, to advance adoption of its Internet of Things (IoT) networks across New Zealand to improve business efficiencies and carbon savings for local communities. NZGIF’s investment forms part of Thinxtra’s latest funding round, led by Adcock Private Equity. benefits to growers. AARSC collaborates extensively with researchers, industry, agricultural agencies, government and growers to bring technology capabilities together to meet industry priorities.
We believe the Internet of Things provides an innovative and significant opportunity to reduce carbon emissions. Through this investment we are supporting a dynamic market leader to grow their New Zealand presence. We’re excited by the potential of Thinxtra, and its role as an enabler, to help other companies reduce carbon emissions.
NZGIF Chief Executive
Thinxtra’s 0G Network, powered by Sigfox technology accelerates the creation of large-scale, cross-industry efficiencies for a sustainable, carbon neutral future. A broad ecosystem of solution partners, are known for creating specific solutions that deliver real outcomes by architecting fit-for-purpose, end-to-end, low-cost offerings that are fast and easy to install and maintain.
Business resilience, agility and transparency are crucial to creating the new “normal” emerging in the wake of the COVID-19 pandemic. New Zealand’s need for world-class IoT technology to enable “distance business” through remote monitoring is clear.
Bryan Mogridge, ONZM, Thinxtra chairman, says, “NZGIF’s strategic investment enables Thinxtra to help New Zealand companies embrace more remote business practices and digitalisation, sustainably and use less energy, particularly as the local economy looks to recovery efforts in the wake of COVID-19.”
Loic Barancourt, CEO of Thinxtra, says, “Thinxtra has developed excellent relationships with the New Zealand business community from its Auckland headquarters. With 94 per cent network coverage of the country, we’re looking forward to working closely with NZGIF to accelerate business efficiencies and carbon savings for local communities with our IoT solutions.”
Thinxtra already supports many IoT initiatives for New Zealand-based companies, including Blackhawk, which builds software solutions for asset tracking and management; Tetherme, which enables healthy living, learning and work environments and Kordia, the New Zealand government-owned broadcast and telecommunications company.
“On the global stage, New Zealand has shown inspirational leadership by passing the world’s second Zero Carbon Act and taking progressive action to prepare for a cleaner, more sustainable future. We’re delighted to have NZGIF onboard who bring capital, extensive experience in the local market and a commitment to reducing emissions for a more carbon neutral future that matches our own.” concludes Barancourt.
About New Zealand Green Investment Finance (NZGIF)
New Zealand Green Investment Finance (NZGIF) was launched by the New Zealand Government in December 2018 to address the issue of climate change and transition New Zealand towards a zero-emission economy by 2050. NZGIF is an independent company focused on increasing the level of low emissions investment in New Zealand. NZGIF aims to bring investors and businesses together to create opportunities, structure products and execute transactions to drive low emissions investment.
For more information about New Zealand Green Investment Finance visit www.nzgif.co.nz.