Energy infra startups see bigger cheques as investors bet on sovereign play
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bengaluru-based Enerzolve is in talks to raise $20 million from investors like Jungle Ventures and Schneider Electric.
- ✓This amount is four times the $5 million the startup got in a January round.
- ✓Investors now show deep interest in energy hardware startups that build smart meters and power conversion systems today.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Bengaluru-based Enerzolve, which makes smart meters, power conversion systems and energy storage systems, is in talks to raise $20 million from existing investors Jungle Ventures and Kae Capital as well as Schneider Electric, people aware of the matter told ET. That's nearly four times the $5 million it raised in a January round.
Bengaluru: Startups building hardware for India's energy infrastructure are raising follow-on rounds several times the size of their previous fundraises, as risk investors deepen bets on technologies spanning grid management, storage and power electronics.Bengaluru-based Enerzolve, which makes smart meters, power conversion systems and energy storage systems, is in talks to raise $20 million from existing investors Jungle Ventures and Kae
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.