Funding · Professional & Local Services

Circolife raises $4.5 million for cooling platform expansion

By Startup Enthusiast · 8 September 2026

What they do

Circolife offers a cooling subscription model where commercial clients pay monthly fees while the firm supplies, fits, and manages air conditioners

The company took in $4.5 million in Pre-Series A backing under lead backer Bharat Jaisinghani to grow its machine network and city coverage

The company uses IoT sensors and AI to provide predictive maintenance, aiming to increase its active unit count to 40,000 within two years

The business picked up $4.5 million (₹40.45 crore) through a Pre-Series A round.
The round was led by Bharat Jaisinghani, the Joint Managing Director of Polycab India Limited.
Participating investors included Intelliquity Ventures, Sky Impact Capital, and several prominent angel investors.
The company plans to use the capital to expand its geographic footprint and increase its fleet size.
Proceeds will advance its connected sensor technology alongside artificial intelligence models creating digital twins of cooling equipment.
The startup serves five cities across India while supervising roughly 10,000 active customer contracts.

The company aims to reach 40,000 active units within the next 24 months.
Circolife differentiates itself by offering predictive maintenance to identify potential equipment failures before they occur.
The startup competes in the cooling sector alongside players like Smart Joules and Tan90.

Circolife operates a Cooling-as-a-Service (CaaS) model for commercial clients.
Clients pay a monthly fee for AC units, while the company handles installation and maintenance.
Target customers include hotels, restaurants, gyms, and corporate offices.
Units are equipped with IoT sensors to track power draw, temperature, and gas pressure in real time.
The company claims its energy-efficient units can reduce electricity bills by up to 30%.
It maintains refurbishment facilities in Mumbai and Delhi for end-of-life unit redeployment.
The service includes free spare parts, gas leak coverage, and biannual maintenance.

Scale installation and service capabilities across more Indian cities.
Advance the development of AI-driven digital twins for individual devices and sites.

Bharat Jaisinghani (lead) — Joint Managing Director of Polycab India Limited.

Product: Subscription-based air conditioning units with IoT sensors and predictive maintenance
Customers: Commercial and retail businesses seeking affordable air conditioning without capital expenditure
How it makes money: Subscription or lease model where Circolife owns, installs, maintains and refurbishes AC units
What sets it apart: IoT and AI-powered predictive maintenance with full fleet lifecycle management and unit recycling