Funding · Climate, Energy & Sustainability
Enerzolve raises $5.1m seed round from jungle ventures and kae capital
By Startup Enthusiast ·
- 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
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
Other articles talking about it
Same day
- Amagi lists at 12% discount to IPO price21 January 2026 · IPO · ₹1,789 crore
- Ringg AI raises $5.5M Series A21 January 2026 · Funding · $5.5M
- Exfinity files for ₹1,100 crore Fund IV21 January 2026 · New fund · ₹1,100 crore
- Gemini sponsors IPL in ₹270 crore deal21 January 2026 · Partnership · ₹270 Cr
- 3tenx raises strategic funding at 100 crore valuation21 January 2026 · Funding
- StepOut raises $1.5M for global expansion21 January 2026 · Funding · $1.5M