MCB Equity Fund invests in Partnering Technologies

Ramesh Caussy and Diya One at Cop 21

Diya One is the first neuro-inspired robot that can analyse and purify indoor air. It was a major attraction at the "Solutions COP 21" exhibition. Diya One was showcased at the booths of the Institut National de la Protection Industrielle and that of French multinational ENGIE. Ramesh Caussy also presented his project during the "breakthrough night" dedicated to innovation.

The R2-D2 of climate change

Dubbed "the R2-D2 of climate change" by the international media due to its resemblance to the mythical Star Wars robot, Diya One is equipped with artificial intelligence. It moves around silently on its own, eliminating particulate and chemical pollution. After analysing the composition of indoor air using integrated sensors, Diya One robot then purifies it with extreme precision. The robot also delivers other functions, such as reducing energy consumption and managing maintenance requests from occupants.

Diya One can work in museums, public buildings, schools and offices. Its abilities have been officially validated by the Centre Scientifique et Technique du Bâtiment in France and it is currently being supported by the European Union's SPARC programme dedicated to research and innovation and whose aim is to make Europe the global leader in robotics by 2020.

A bright future

MCB Equity Fund was launched in 2005 with a committed capital of $100 million. Managed by MCB Capital Partners, a subsidiary of MCB Capital Markets, the fund provides expansion and buy-out capital to businesses with high growth potential. Its involvement in Partnering Technologies is sensible as the future of robotics is bright. The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift towards new consumer and office applications. According to a Business Insider Report published in May 2015, there will be a $1.5 billion market for consumer and business robots by 2019.

Improving the environment

Diya One is the first interactive robotic solution that purifies indoor air that is very often degraded by microbial or microbiological pollutants. According to the World Health Organisation, bad air quality is one of the main sources of respiratory diseases that can cause death. In Europe and the United States, norms are being introduced to ensure clean air is being breathed in public places, including schools and offices. As a pioneer of autonomous air purification, Diya One should be a success.

Mutual benefits

Pierre Guy Noël, chief executive, MCB Group: "We have taken the opportunity to invest in a young and innovative business working in a promising market and that has shown, through Diya One, its ability to improve our lives. It's also an exciting opportunity for us to support a local talent who is showcasing the Mauritian know-how on a global stage".

Ramesh Caussy, chief executive, Partnering Technologies: "I couldn't imagine international development without involving Mauritius, and ensure it benefits from my humble contribution. We have now made the first step with the entry of the MCB Group, a key player in Mauritius, in the capital of Partnering Technologies."