Smart Joules has raised $10 million in its latest Series B funding round, marking a major milestone for one of India’s fast-growing climate-tech startups. The round was led by the SVL SME Neev II Fund, managed by SBI Ventures, with participation from Waaree Renewable Technologies and Spectrum Impact. The fresh infusion of capital will allow the company to expand its AI-driven energy solutions across commercial buildings, industrial facilities, and large cooling systems. With rising energy costs and growing climate concerns, Smart Joules is positioning itself as a key player in helping India reduce wasteful energy use.
Smart Tech Built To Cut Energy Waste
Smart Joules focuses on making buildings and factories use energy more intelligently. Instead of simply installing equipment, the company relies on a combination of AI, IoT sensors, and advanced software to manage and optimize energy consumption in real time. Its technology studies how buildings behave, how much energy they need at different hours, and where waste happens. Using this data, the system automatically adjusts operations so that cooling systems, motors, or boilers work only when required. The company’s solutions, including JoulePays, JouleCool, and the AI engine DeJoule, are designed to help clients lower energy use without affecting comfort or productivity. For many organisations, this means predictable savings, smaller energy bills, and a significantly lower carbon footprint.
Funding To Strengthen Expansion And Innovation
The new funding will play a major role in helping Smart Joules scale operations nationwide. The startup plans to expand its presence across more manufacturing plants, data centres, commercial complexes, and large-scale cooling systems. These sites consume huge amounts of power each day, and Smart Joules aims to reduce this load using its technology-enabled efficiency model. The company will also invest heavily in strengthening its AI and data analytics capabilities. By making its algorithms smarter, faster, and more accurate, Smart Joules wants to deliver deeper energy savings for every client. Additionally, the startup will grow its on-ground engineering and operations teams, ensuring faster project deployment and stronger customer support as demand increases.
A Proven Track Record Of Energy Savings
Smart Joules has already demonstrated the real-world impact of its solutions. The company claims to have saved over 32 crore units of energy for its clients while preventing nearly 2.4 lakh tonnes of carbon emissions. These savings translate into approximately ₹266 crore in reduced energy bills for businesses across sectors. By combining performance-based contracts with long-term operational support, Smart Joules ensures that clients benefit from continuous improvement instead of one-time fixes. The company has also set an ambitious goal for the future. It aims to help India avoid nearly 29 million tonnes of CO₂ emissions by 2030, contributing significantly to the country’s sustainability targets and climate-action commitments.
Why This Growth Matters For India
India is one of the fastest-growing energy markets in the world. Rising temperatures, growing infrastructure, and expanding industries have created an urgent need for smarter energy management. Solutions that reduce consumption without compromising comfort are becoming essential, especially as the demand for cooling increases every year. Smart Joules is stepping into this gap with technology that reduces operational costs for businesses while supporting national climate goals. The company’s expansion means more buildings and industries can adopt energy-efficient solutions that create economic savings and environmental impact simultaneously. With its fresh funding, Smart Joules is well-positioned to scale faster, innovate further, and drive India into a more efficient and climate-friendly future.