Delhi-based startup Enlog, specializing in AI-powered energy management and IoT solutions, has raised ₹1.75 crore in a funding round led by Vinners, an angel investor group. The funding will help Enlog scale its operations and enhance its technology offerings to promote energy efficiency and sustainability in India.

About Enlog

Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog leverages AI and IoT to optimize electricity consumption and reduce carbon footprints. The company has managed 11,300 MWh of electricity and mitigated over 2,000 tons of carbon emissions to date, with a goal of reducing 1 million tons by 2027.

“This funding will allow us to enhance our solutions and expand our market presence, making a meaningful impact on cost efficiency and sustainability,” said Bharath Rankawat, Co-founder.

Market Expansion and Partnerships

Enlog plans to expand into Bangalore, Hyderabad, Pune, and Indore, targeting key markets in the hospitality sector. The company has partnered with over 750 PG properties and 35 hotels, including Bloom Hotel and Yourspace in Delhi NCR.

Growth Projections

The startup projects ₹12 crore in revenue for 2024 and aims to triple this to ₹40-45 crore by 2025. Its AI-powered solutions have helped clients reduce electricity usage by up to 23%, lowering costs and extending the life of appliances.

Investment in R&D

Enlog is investing heavily in R&D, focusing on edge computing and advanced chips for energy optimization. This aligns with its commitment to sustainability and supporting businesses in meeting ESG standards.

Investor Perspective

Ramki Ravulapalli, Lead Investor at Vinners, said, “Enlog is transforming energy management with data-driven AI solutions, aligning perfectly with our focus on high-impact technologies.”

Source: Indian Startup News