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14 Dec 2023

MTR Lab invests in WeMaintain, the international PropTech company revolutionising building operations in Europe and Asia

Two men 'fist bump' to celebrate the news of MTR Lab's investment into PropTech company WeMaintain

MTR Lab has joined as a new investor in WeMaintain to support the company’s expansion plans across the Asia-Pacific region. This marks MTR Lab’s first foray into investing in an overseas startup and supporting a B Corporation – a company verified to meet high standards of accountability, transparency, and social and environmental performance.

Founded in France in 2017, WeMaintain has disrupted the traditional model of building maintenance with end-to-end solutions, Internet of Things (IoT) integration, and predictive maintenance capabilities. Through its digital platform and on-site engineering expertise, WeMaintain allows for remote, live monitoring of building operations, including lifts and escalators, and leverages data analytics to enable predictive and prescriptive maintenance. Today, the company stands as an international PropTech pioneer, actively redefining building operations and facilities maintenance with its transformative technologies.

Elevating the future of building operations

WeMaintain’s mission is to put the best of people and technology at the heart of the built environment. With an existing presence in France, the United Kingdom, and Singapore, and over 2,500 buildings in its maintenance portfolio, the company’s IoT-based solutions have demonstrated exceptional results, including an average of 30% energy savings per year on frequently used elevators and a 20% reduction in breakdowns on high-density sites. With clients like SNCF (France’s national state-owned railway company) and Keolis, the company has proven its solution delivers higher efficiencies and a superior customer experience.

The successful investment from MTR Lab and other investors will accelerate WeMaintain’s future advancements and growth in high-potential Asia-Pacific markets such as Hong Kong and Singapore, where it established an operational base in 2021, and elsewhere in Southeast Asia. Beyond financial investment, MTR Lab hopes to support WeMaintain as a strategic investor to help the scaleup company grow in Asia-Pacific including Hong Kong.

“WeMaintain’s vision to advance how people and technology come together to manage buildings, and its efforts in fostering more efficient, predictive and sustainable infrastructure solutions, strongly align with MTR Lab’s goal of promoting smart city development,” said Mr Michael Chan, Managing Director of MTR Lab. “By supporting the company’s expansion and enabling it to extend its industry-leading maintenance solutions across borders, we hope to contribute to the development and adoption of smart city solutions in Asia-Pacific and help improve the region’s building operations sector in an efficient and sustainable way.”

Mr Benoit Dupont, Co-founder & CEO of WeMaintain, said, “Asia is central to our global strategy, and we’re thrilled to leverage the expertise and support of MTR Lab as we expand operations across the region. What distinguishes WeMaintain is our unique combination of on-the-ground expertise, an in-house team of skilled data scientists, and IoT engineers dedicated to ensuring the highest data quality. Substantial investments have been made in data science and IoT, with rigorous training of our algorithmic models to proficiently recognise and identify pertinent information. Armed with these capabilities, our goal is to revolutionise the building operations sector, not only in Europe but worldwide.”

 

Startups and scaleups with smart, sustainability-led ideas can submit their pitch for partnership with MTR Lab by heading to mtrlab.com.hk.

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