Chicago, IL., July 15, 2023: Illinois-based water heating manufacturer, Intellihot was recently recognized by Fast Company as “The Best Workplace for Innovators.” Coming on the heels of the world’s first tankless heat pump water heater being launched by Intellihot in early 2023, the development confirms the company’s organizational culture as the driving force behind its history of disruptive innovations.
With over 104 patents (issued and pending), Intellihot has been innovating, manufacturing, and selling tankless water heaters for large commercial applications like hotels and multi-family properties since 2009. Their products’ immense space-saving, cost-reducing, and energy-efficient features have made Intellihot the brand standard for several blue-chip companies and the most viable commercial water heating solution in the North American market. However, Chief Executive Officer at Intellihot Sri Deivasigamani reveals that the company’s dogged focus on sustainability could be the most critical reason behind its award-winning work culture.
“Our organizational philosophy has been simple. If you find and nurture highly skilled individuals in an inclusively collaborative atmosphere, empower them to take up professionally rewarding responsibilities, and direct their focus towards an altruistic mission like reducing energy wastage, employees tend to find a potent purpose at work which drives their best work,” says Sri.
While Intellihot’s aforementioned launch of the world’s first tankless heat pump water heater (The Electron Series) has become its crown jewel of innovations, the manufacturer has had a persistent history of transformational innovations. It has won an Edison Award for an AI-powered water heater failure forecasting service, built the world’s highest-capacity tankless water heater as small as a refrigerator, and patented a technology that can predict failures and service needs.
“Intellihot’s commitment to innovation and its proven ability to deliver meaningful, immediate and positive impact is indicative of the role dedicated companies and their teams can have on changing the world for the better,” said Praveen Sahay, Co-Founder and Managing Director of Wave Equity Partners. “As Intellihot’s lead investor, we immediately saw the promise of their products to drive both financial and environmental benefits, and we are incredibly proud to be involved in their ongoing growth and success.”
About WAVE Equity Partners
Wave Equity Partners (WAVE) is an independent sustainability-focused investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to identify and support leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $420 million under management (AUM) as of Dec. 31, 2022. For more information please visit https://waveep.com/ or by following the company on Twitter and LinkedIn.
Intellihot is an innovative designer/manufacturer of built-environment systems that challenge traditional approaches for sustainability. Under the leadership of founder and CEO Sridhar (Sri) Deivasigamani, Intellihot offers a range of tankless water heaters designed and built for commercial applications with a focus on sustainability, cost savings, and water quality for safety. Winner of an Edison Award for Best New Product in 2022, and Best Products of AHR 2023, Intellihot serves the hospitality, restaurant, multi-family housing, senior living, commercial facilities, and plumbing industries. Intellihot has operations in suburban Chicago, and Galesburg, IL. with distributors across North America. Learn more at www.intellihot.com or by following the company on Twitter and LinkedIn.