Flux

Company Overview

Snapshot

Founded in January 2023 by Haggai Borkow, Flux operates with 1–10 employees and is currently in the Pre-Funding stage. The company is developing innovative elevator technology that significantly reduces energy consumption and CO2e emissions, addressing a market that has seen little disruption in 170 years.

Business overview

Flux is an Industrial Technologies company focused on optimizing building design and increasing usable floor space through advanced elevator technology. The company's core product enables multiple elevators to operate independently within a single shaft, and also allows elevators to move between shafts, thereby minimizing the overall space required for elevator infrastructure. This innovation helps developers free up additional floor space for rental or sale, maximizing revenue potential. Flux serves the construction and real estate industries, with a particular focus on green construction and property management, and operates in sectors such as Operational Optimization Solutions, Climate Tech, and Clean Industry Tech.

Company Intelligence Q&A

What is Flux's primary mission?

Flux aims to provide a cost-effective solution for developers by optimizing building design and increasing usable floor space, ultimately leading to higher profits. The company also focuses on reducing global energy consumption and CO2e emissions through its elevator technology.

When was Flux founded and by whom?

Flux was founded in January 2023 by Haggai Borkow, who serves as the CEO.

What problem does Flux's elevator technology address?

Flux addresses the inefficiency of traditional elevator systems, which have seen little disruption in 170 years. Its technology aims to reduce the significant space occupied by elevator shafts in buildings and lower the environmental impact of elevators, which consume 0.8% of the world's energy and are responsible for 1.2% of global emissions.

How does Flux's technology optimize building space?

Flux's technology allows multiple elevators to move independently within a single shaft and enables movement between shafts. This significantly reduces the number of required shafts, freeing up valuable floor space that can be used for rental or sale, thereby maximizing a building's revenue potential.

What is the environmental impact of Flux's technology?

At scale, Flux's elevator technology is projected to reduce global energy consumption by 0.5% and global CO2e emissions by 0.8%, offering a substantial environmental benefit within the construction and real estate sectors.