Abu Dhabi's ALTÉRRA is partnering with New York City-based General Atlantic to invest in Wireless Logic, a leading global Internet of Things (IoT) connectivity platform. The investment backs digital infrastructure that connects millions of devices—EV chargers, fleet vehicles and agricultural sensors—to analytical software designed to optimize energy use and improve efficiency across major industries. The deal marks ALTÉRRA's first partnership with the American firm.

Why This Matters
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The UAE and US are actively building more efficient and resilient energy systems through joint investments in energy and climate tech. Even amid regional volatility, the UAE is scaling its investments in the US energy sector from $80 billion to $440 billion by 2035. The partnership with New York-based General Atlantic—which manages $126 billion in assets—fuels innovation and cost-saving measures across America's most energy-intensive sectors like AI and advanced manufacturing.

Pull Quote: “ALTÉRRA represents a strategically aligned partner for us in this investment, reflecting a shared conviction in the long-term value creation potential of scalable technologies within the energy transition.” – Gabriel Caillaux, Co-President, Global Head of Climate and Head of EMEA at General Atlantic
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Full Press Release: ALTÉRRA backs Wireless Logic alongside General Atlantic aiming to scale climate-enabling IoT connectivity
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Investment supports critical digital infrastructure to potentially optimize networks of connected devices and enabling resource efficiency across sectors

March 2026

• ALTÉRRA’s first deployment alongside General Atlantic BeyondNetZero, expanding GP partnership base
• Investment reflects ALTÉRRA’s differentiated outlook on investing to accelerate the climate transition that demonstrates commerciality and impact are mutually reinforcing

ALTÉRRA today announced it is partnering with BeyondNetZero, General Atlantic’s dedicated growth equity strategy focused on the energy transition, on its investment in Wireless Logic, a leading Internet of Things (IoT) connectivity platform. As industries increasingly recognize decarbonization as a driver of operational efficiency and long-term value, IoT is emerging as a critical enabler that connects devices, sensors and systems to drive measurable emissions avoidance and resource efficiency.  

ALTÉRRA’s commitment, made through its newly launched Opportunity Fund, will aim to support Wireless Logic’s next phase of global growth and the scaling of digital infrastructure across the real economy. Montagu, a leading mid-market private equity firm, remains the majority shareholder in Wireless Logic.

Founded in 2000 and headquartered in the UK, Wireless Logic is a global leader in IoT connectivity, providing secure and scalable solutions that enable businesses to deploy, manage and optimize large networks of connected devices. Its platform links physical assets to analytical software, supporting climate-positive applications. Devices such as EV chargers, smart meters, fleet vehicles, agricultural sensors and industrial machinery use this connectivity to transmit real-time data, enabling monitoring, automation and performance improvements across sectors.

Wireless Logic’s platform underpins impactful climate use cases in the real economy – from optimizing EV charging infrastructure and electricity grids to improving fleet route efficiency, enabling precision agriculture, and enhancing industrial predictive maintenance. Real-time visibility and control over large networks of connected assets turn data into tangible outcomes that strengthen the bottom line while accelerating the climate transition: less wasted energy, lower fuel consumption, and smarter use of finite resources. As digitalization and global connectivity continue to accelerate, this enabling layer will become increasingly central to how emissions reductions are achieved at scale across complex, distributed systems and millions of devices.

ALTÉRRA’s commitment to Wireless Logic reflects its differentiated and disciplined approach to climate investing, which includes backing solutions and technologies that unlock system-level and scaled impact while seeking to deliver competitive commercial returns.

Jennifer Park, Partner and Head of Impact at ALTÉRRA, commented: “Wireless Logic enables and enhances the practical and scaled application of efficiency and emissions-reduction solutions across some of the most energy- and resource- intensive sectors of the global economy through the power of technology. This investment reflects ALTÉRRA’s belief that climate impact and commercial strength reinforce one another. Partnering with General Atlantic BeyondNetZero in Wireless Logic underscores our shared conviction that IoT connectivity is a critical enabler of the climate transition.”

Gabriel Caillaux, Co-President, Global Head of Climate and Head of EMEA at General Atlantic, said: “ALTÉRRA represents a strategically aligned partner for us in this investment, reflecting a shared conviction in the long-term value creation potential of scalable technologies within the energy transition. We think Wireless Logic is well-positioned for further growth through transformational M&A and continued international expansion. The addition of ALTÉRRA to its investor base should stand to accelerate its growth trajectory.”

With continued backing from Montagu, which initially invested in Wireless Logic in 2018, and the additional support of General Atlantic and ALTÉRRA, Wireless Logic is well positioned to continue expanding globally both organically and through targeted acquisitions, including in high‑growth markets where demand for secure, flexible IoT connectivity is increasing.