Enerzolve Raises USD 5.1 Million Seed Co-Led by Jungle and Kae
bolt Executive Summary
- Indian energy tech company Enerzolve has raised USD 5.1 million in a seed round. The round was co-led by Jungle Ventures and Kae Capital with some startup founders joining. The funds will go toward manufacturing scale-up and product advances.
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Indian energy tech company Enerzolve has raised USD 5.1 million in a seed round. The round was co-led by Jungle Ventures and Kae Capital with some startup founders joining. The funds will go toward manufacturing scale-up and product advances.
Funding details: USD 5.1 million (Seed)
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Enerzolve Smart Technologies has closed a USD 5.1 million seed round.
Jungle Ventures and Kae Capital co-led the deal. Several startup founders also took part.
The company will put the capital into stronger manufacturing and further product development for smart grid and energy storage lines.
It plans to grow pilot manufacturing and get key certifications for its hardware. The engineering team will expand for testing, validation, and bigger deployments. Part of the money will build deeper own tech in embedded systems, firmware, and silicon work.
Enerzolve develops embedded and power electronics solutions for smart grids, renewable energy integration, and battery storage. Its products include protection relays, smart meters, analyzers, grid monitors, batteries, management systems, converters, and inverters. The company serves industrial and commercial customers in India.
Source:- PropTech Buzz.
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