Electricity management startup Enlog raises funding from Vinners

Energy management and IoT solutions provider Enlog has secured Rs 1.75 crore in equity funding, led by Vinners.

The funds will be used to expand its operations and drive growth in the energy management sector, Enlog said in a press release.

Co-founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog specializes in IoT and AI-powered energy solutions that optimize electricity consumption and reduce carbon footprints. The startup aims to promote energy efficiency and sustainability for businesses across India, addressing the growing need for sustainable energy practices.

Enlog claims to have managed 11,300 MWh of electricity and mitigated over 2,000 tons of carbon emissions, contributing to the global drive for sustainability. It also states it has partnered with over 750 PG properties and 35 hotels in Delhi NCR, including brands such as Bloom Hotel and Yourspace. The company’s AI-driven solutions have helped reduce electricity consumption by up to 23% for clients, cutting operational costs, extending appliance lifespans, and lowering overall energy waste.

The Delhi-based company plans to invest in research and development, focusing on next-generation technology centered on edge computing and advanced chips for electricity optimization.

Enlog projects revenues of Rs 12 crore for 2024, aiming to triple this figure to Rs 40-45 crore in annual revenue by 2025. The company is also expanding into Indian metro cities, including Bengaluru, Hyderabad, Pune, and Indore.