Smart Joules
Eliminating energy waste through innovations in continuous energy optimization.
Eliminating energy waste through innovations in continuous energy optimization.
Smart Joules is an energy startup with a mission to eliminate energy waste through continuous energy optimization. Their offerings include JoulePAYS, which allows for energy savings with no upfront investment and zero risk through a Pay-As-You-Save (PAYS) Agreement. Additionally, DeJoule enables energy and process parameter monitoring and optimization using energy optimization algorithms, while JouleCOOL provides sustainable cooling services with a build-own-operate-maintain-automate-optimize model. The company, founded in 2014 and headquartered in India, boasts an impressive client base and has garnered support from prestigious organizations such as NITI Aayog, The World Bank, Asian Development Bank (ADB), and the International Energy Agency (IEA). Their most recent financing round saw a INR660.00M debt financing investment at 29 February 2024 from IFU. Smart Joules' innovative solutions, strong client base, and notable investor backing present a promising investment opportunity in the energy sector.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | INR660.00M | 1 | IFU | 29 Feb 2024 |
| Series A | INR297.00M | 6 |
|
17 Mar 2021 |
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