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Funding · Climate, Energy & Sustainability

Enerzolve raises $5.1m seed round from jungle ventures and kae capital

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Date
Company
Enerzolve Smart Technologies
What it does
Builds hardware for power grids and storage
Kind
Funding
Amount
$5.1 million
Stage
seed
Based in
Bengaluru
Founded
2024
Sector
Climate, Energy & Sustainability

What they do

Enerzolve builds embedded hardware and firmware for smart grids and battery storage systems

What happened

The company raised a $5.1 million seed round co-led by Jungle Ventures and Kae Capital

Why it matters

Funds will deepen core intellectual property and scale pilot manufacturing for its product lines

The details

  • Enerzolve Smart Technologies has raised $5.1 million in a seed round of funding.
  • The investment was co-led by Jungle Ventures and Kae Capital.
  • Angel investors included founders from Zetwerk, Livspace, Unacademy, Urban Vault, and Panthera Peak.
  • The startup is based in Bengaluru and focuses on deep-tech clean energy solutions.
  • It builds embedded hardware and power electronics for utilities and renewable energy sectors.
  • The company plans to use the funds to expand its engineering and product teams.
  • Enerzolve aims to scale pilot manufacturing and certification for its smart grid products.
  • The business development team will target utilities and private distribution companies.

The bigger picture

  • India has mandated significant grid upgrades and a massive smart meter rollout.
  • The government committed Rs 3.04 lakh crore for power sector reforms and modernization.
  • Venture capital firms are launching dedicated cleantech funds like Transition VC and Theia Ventures.

About the business

  • Enerzolve designs hardware for power utilities, smart grids, and battery storage applications.
  • It offers original design manufacturing (ODM) and system integration services for clients.
  • Products include smart meters, protection relays, and power quality analysers.
  • The company also develops grid sensors and detectors for industrial monitoring.
  • Enerzolve provides energy storage capabilities including batteries and battery management systems.
  • It manufactures power conversion systems, inverters, and energy management systems.
  • All products are designed specifically for Indian grid conditions and safety regulations.
  • The firm operates as a hardware startup with embedded firmware expertise.
  • It also offers an energy-as-a-service model for its customers.

What happens next

  • Enerzolve will deepen core intellectual property across silicon and firmware.
  • The company will expand its engineering and product development teams.
  • It plans to scale pilot manufacturing for smart grid and storage products.
  • Enerzolve will certify its new product lines for market deployment.
  • The business team will engage with utilities and EPC contractors.

The deal

Type
Seed Round

Investors

  • Jungle Ventures (lead) — Venture capital firm leading the seed round.
  • Kae Capital (lead) — Investment firm co-leading the seed round.

Founders

  • Abhay Adya, Founder and CEO
  • Anupam Kumar Bhatt, Co-founder

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