Smart Joules secured $10M Series B funding to scale its AI-driven cooling solutions, DeJoule and Jou...
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The article details a standard Series B funding round for a vertical AI company targeting enterprise operations/energy efficiency, which does not meet the $500M threshold for cross.§D.
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Smart Joules secured $10M Series B funding to scale its AI-driven cooling solutions, DeJoule and JouleCool, to meet India's surging energy demand. Their technology optimizes cooling for pharmaceuticals, data centers, and commercial real estate, aiming to halve energy consumption. This has already resulted in 32.1 crore kWh electricity savings, 2.4 lakh tonnes of emissions avoided, and ₹266 crore in customer savings. With project sizes poised for tenfold growth, Smart Joules anticipates over ₹200 crore in annual revenues, pioneering profitable decarbonization.
#AI #CleanTech #EnergyEfficiency #India #Sustainability