– Smart IT real estate company raises capital of 6 million euros to realize global development portfolio and accelerate business plans
▲ Fortaleza (Brazil)’s smart city “Laguna”, one of the Planet Smart City projects
Planet Smart City seeks to raise capital of €3 million over the next three years to accelerate its business plan to build smart homes and complexes comprising more than 40,000 smart projects totaling 50 households.
Since its founding in 2015, the company has raised over €390 million from 1 institutional and individual investors. In 6, the group generated sales of around $2021 million (€1 million), which is reported to be double the $500 million in 9300.
Inclusivity and sustainability
Planet Smart City's mission is to combine infrastructure, technology and social innovation to create communities that respect local cultures and support inclusion and sustainability.
The model has been demonstrated in Brazil, where four projects are underway, and first occupancy is underway. (Smart City Laguna; Smart City Natal; Smart City Aquiraz; and Viva!Smart)
In 2020, the business expanded to India through a partnership with Kolte Patil. In Italy, we are working with leading real estate developers on numerous smart social housing projects.
“The design of new large-scale residential property developments is increasingly characterized by multidisciplinary approaches such as technological innovation, digitization of services and solutions that promote sociability.”
Planet's approach to community building aligns with high environmental and social sustainability standards, measurable through the Planet App, its own digital platform, free to all residents.
The app has a 70% adoption rate across projects and aims to provide improved convenience to residents, save money and provide a more sustainable life.