Startup Funding Alert! Enlog Raises ₹1.75 Crore, Eyes Expansion

Imagine a world where buildings don't just consume energy, but actively manage it, becoming intelligent participants in a sustainable ecosystem. This is the vision driving Enlog, a Delhi-based startup that's making waves in India's energy management sector. And with a fresh infusion of ₹1.75 crore in equity funding, led by prominent Angel Investor Group Vinners, Enlog is poised to turn this vision into a reality. 

TICE gets you inside details of this funding deal. 

Enlog Funding

This significant investment will fuel Enlog's ambitious expansion plans and solidify its position as a leader in AI-powered energy management solutions. Founded in 2019, Enlog has rapidly emerged as a key player in addressing India's pressing need for sustainable energy solutions. The company's unique approach combines cutting-edge IoT hardware with sophisticated AI software to automate and optimize energy consumption across various sectors. This powerful combination empowers businesses to significantly reduce their electricity usage and minimize their carbon footprint.

"Our mission at Enlog is to revolutionize energy management in India by leveraging advanced AI and IoT technologies," says Bharath Rankawat, Co-Founder and CEO of Enlog. "This funding will allow us to further develop our innovative solutions, expand our market presence, and continue making a meaningful impact on both cost efficiency and environmental sustainability."

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Enlog's Vision

Enlog's impact is already being felt. To date, the company has successfully managed 11,300 MWh of electricity and mitigated over 2,000 tons of carbon emissions. This impressive track record underscores Enlog's commitment to driving sustainability not just in India, but globally.

With a projected revenue of ₹12 crore for 2024, Enlog is aiming for even greater heights. The company plans to triple this figure by 2025, reaching ₹40-45 crore in annual revenue. This ambitious growth strategy includes expanding into key Indian metro cities like Bangalore, Hyderabad, Pune, and Indore. These cities, with their burgeoning hospitality and co-living sectors, represent lucrative markets for Enlog's energy management solutions.

Transforming the Hospitality and Co-living Sectors

Enlog has already made significant inroads in the Delhi NCR region, partnering with over 750 PG properties and 35 hotels, including renowned brands like Bloom Hotel and Yourspace. The company's AI-driven solutions have delivered remarkable results, reducing electricity consumption by up to 23% for its clients. These savings translate to lower operational costs, extended appliance lifecycles, and reduced energy waste.

Investing in the Future of Energy Management

Enlog's commitment to innovation is evident in its investment in research and development. The company is focused on creating next-generation technology centered around edge computing and advanced chips for electricity optimization. By continuously pushing the boundaries of what's possible, Enlog aims to keep sustainability at the core of its offerings.

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A Key Player in India's Climate Tech Revolution

Enlog has set an ambitious goal to reduce one million tons of carbon emissions by 2027, positioning itself as a leader in India's climate tech revolution. By fostering partnerships with industries that have a high demand for energy management, such as hospitality and co-living, Enlog is demonstrating that profitability and sustainability can go hand-in-hand.

"Enlog is redefining energy management technology through data-driven IoT and AI solutions for energy saving, aligning perfectly with Vinners’ focus on transformative and high-impact technologies," says Ramki Ravulapalli, Lead Investor on behalf of Vinners. "We’re excited to support Enlog as a major investor as they drive radical change in India’s energy management landscape, bringing substantial value to their customers, supporting India’s energy security efforts, and setting new sustainability standards.”

With strong investor backing, a proven track record, and a commitment to innovation, Enlog is well-positioned to lead the charge in India's transition towards a more sustainable energy future.

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