Enlog, a leading energy management and IoT solutions provider, has successfully raised Rs 1.75 crore in equity funding from Vinners. This fresh capital will enable the Delhi-based startup to scale its operations and drive significant growth in the energy management sector, as it continues to address India’s increasing demand for energy efficiency and sustainability.
Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog specializes in AI-powered and IoT-based solutions designed to optimize electricity consumption and reduce carbon footprints for businesses across the country. As environmental concerns rise, Enlog’s solutions are becoming increasingly essential for businesses looking to achieve sustainability while also reducing operational costs.
Enlog has already made a notable impact in the sector. The company has successfully managed 11,300 MWh of electricity and helped reduce over 2,000 tons of carbon emissions. With more than 750 PG properties and 35 hotels in its portfolio, including renowned brands like Bloom Hotel and Yourspace, Enlog’s AI-driven systems have helped clients reduce energy consumption by up to 23%. This has led to lower operational costs, extended appliance lifespans, and significantly reduced energy waste.
The newly raised funds will be allocated to further research and development, with a focus on advancing edge computing and advanced chips for electricity optimization. These innovations will allow Enlog to provide even more efficient and cutting-edge solutions to its clients.
Looking ahead, Enlog is projecting Rs 12 crore in revenue in 2024 and anticipates a threefold growth to Rs 40-45 crore by 2025. The company also plans to expand its presence into key metro cities, including Bengaluru, Hyderabad, Pune, and Indore, as part of its strategic growth plan.
With this new funding and growth strategy, Enlog is poised to strengthen its position as a leader in the energy management sector and continue its mission of promoting sustainable energy use across India.
Key Highlights:-
- Enlog raises Rs 1.75 crore funding from Vinners to boost its energy management solutions.
- The company offers AI-powered and IoT-based solutions to optimize electricity consumption and reduce carbon footprints.
- Enlog has already reduced 2,000 tons of carbon emissions and has plans for expansion into major Indian cities.