The Smart City Infrastructure Fund acquired Selettra S.p.A, a leading Italian smart streetlighting company, marking SCIF’s second investment in Europe and Italy.
- Selettra has grown to become Italy’s second largest smart streetlighting company by the number of LPs managed, with a particular focus in southern Italy.
- The company works in partnership with small to medium sized municipalities across the country, who historically have less access to financing and technology, to design, install, retrofit, finance and manage smart streetlighting points, with a focus on updating traditional infrastructure with the latest LED streetlight technology.
- Selettra is focused in participating to public tenders and winning concession contracts, as well as assembling the LED streetlight technology in the finalised products.
- Along with the deployment of smart streetlighting, Selettra also provides a broad range of additional solutions to drive the development of smart cities, including artistic lighting, electrical systems, photovoltaic systems and cemetery management, as well as offering innovative and compatible solutions for streetlighting furniture (SkyLit®)