Funding · Climate, Energy & Sustainability

Kimbal raises $22 Mn in Series B funding

What they do

Kimbal makes Made-in-India smart meters for homes, businesses and industries

It raised $22 Mn in Series B led by GEF Capital Partners, with Niveshaay participating

Funds will go into product development, AMI vertical, manufacturing and international expansion

Kimbal raised $22 Mn (about ₹210 Cr) in Series B funding.
The round was led by GEF Capital Partners.
Existing investor Niveshaay also participated.
The company will use the funds for product development in power quality, energy management and battery storage.
It will also strengthen its Advanced Metering Infrastructure (AMI) vertical and manufacturing.
A portion of the funds will go towards international expansion.
Kimbal has raised $27 Mn in total funding to date.

India's power grid needs modernisation to integrate renewable energy and manage rising demand from AI data centres and EVs.
Government schemes like the National Smart Grid Mission and ₹3.03 Lakh Cr RDSS are driving adoption of smart meters.
The Indian smart grid market is projected to reach $12.8 Bn by 2035, growing at 14.45% CAGR.

Kimbal makes Made-in-India smart meters for homes, businesses and industries.
Its core vertical is Advanced Metering Infrastructure (AMI), with over 1 crore endpoints deployed.
The company's communication systems enable real-time electricity monitoring and reduce losses.
It offers energy management solutions like a power harmonics analyzer.
Kimbal's smart solutions use RF mesh technology for smart grid automation.
Its RF network, Vayu, covers large areas, and its cloud system, Vaani, handles millions of data points.
The company is building Kimbal Edge Intelligence (KEI) for data processing near the power grid.
Its portfolio includes RF connectivity, cloud platforms, edge computing, power quality, energy management and battery storage.
Software offerings include meter reading, workforce management and energy analytics.
Kimbal works with utilities, AMISPs, and large industrial and commercial users.
It has teams in Delhi, Bengaluru, Singapore, South Korea and Australia.

Use funds for product development in power quality, energy management and battery storage.
Strengthen the Advanced Metering Infrastructure (AMI) vertical and manufacturing.
Expand internationally.

GEF Capital Partners (lead) — A private equity firm focused on climate and sustainability investments.
Niveshaay (participated) — An existing investor in Kimbal.

Product: Smart meters, communication infrastructure, and Advanced Metering Infrastructure (AMI) systems
Customers: Power distribution companies and utility operators
How it makes money: Hardware and software licensing to utilities for grid management
What sets it apart: Made-in-India smart meters deployed at scale across distribution networks