Enlog, a startup offering energy management and IoT solutions, has successfully raised Rs 1.75 crore in equity funding, led by Vinners. The investment will support the company’s expansion and help drive its growth in the energy management sector.
Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog focuses on IoT and AI-powered technologies to optimize energy consumption, reduce carbon emissions, and enhance sustainability practices. The startup aims to revolutionize energy efficiency for businesses across India, responding to the increasing demand for sustainable energy solutions.
To date, Enlog has managed 11,300 MWh of electricity and reduced over 2,000 tons of carbon emissions, contributing to global sustainability efforts. With more than 750 PG properties and 35 hotels in Delhi NCR, including Bloom Hotel and Yourspace, Enlog’s AI-driven solutions have successfully reduced electricity consumption by up to 23%. This has led to lower operational costs, extended appliance life, and reduced overall energy waste for its clients.
The Delhi-based startup plans to direct the new funds toward research and development, focusing on next-generation technologies, including edge computing and advanced chips to further enhance electricity optimization.
Enlog projects a revenue of Rs 12 crore for 2024, with plans to scale this figure to Rs 40-45 crore by 2025. Additionally, the company is expanding its reach to major Indian metro cities, including Bengaluru, Hyderabad, Pune, and Indore.
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