Illumine Industries Private Limited (Illumine-i), a sustainable design and engineering firm based in Chennai, has successfully raised ₹17 crore (approximately $2 million) in its Series A funding round. The funding was led by Anicut Capital, a prominent asset management company managing multiple Alternative Investment Funds (AIFs) across both debt and equity strategies.
Illumine-i plans to utilize the funds to scale up its operations and execute its vision of “developing assets for communities by empowering builders.” The company aims to achieve this by focusing on automation, digitization, and enhancing asset caliber. Additionally, the investment will support Illumine-i’s expansion into new markets, marking a significant milestone in its growth trajectory.
Founded in 2015 by former SolarCity and Sunrun employees, Nithish Sairam and Sudarsan Krishnan, Illumine-i started with a small team of five, specializing in designing low voltage power plants. Over the years, the company has evolved into a leading player in its category, providing structural and electrical engineering expertise for power plants, energy storage systems, and distribution components.
Beyond the power sector, Illumine-i has extended its services to the Architecture, Engineering, and Construction (AEC) sector, offering digital modeling, MEP engineering, and project management expertise.
Nithish Sairam, founder and CEO of Illumine Industries Private Limited, expressed his enthusiasm about the future, stating, “In the next 12 months, our goal is to introduce tech-based solutions, which would directly translate into reduced risk, reduced cost, and improved quality of assets for our customers.”
Anicut Capital’s Vice President, Adithya Bharadwaj, commented on the investment, saying, “Illumine-i is at the intersection of a fast-growing global market and India’s talent pool to deliver for such a market. Nithish and Sudarsan have built a very strong and scalable business in the renewable energy market. We look forward to supporting them as they expand into newer geographies, new products, and continue improving the end-to-end journey for customers.”
The Series A funding from Anicut Capital comes at a strategic time for Illumine-i as it aligns with the company’s goals of technological innovation and geographical expansion. The investment will further strengthen Illumine-i’s position in the market and contribute to its commitment to sustainable and high-value community asset development.
As the renewable energy market continues to grow globally, Illumine-i is well-positioned to leverage India’s talent pool and contribute significantly to the sector’s development.
The company is headquartered in Chennai, Tamil Nadu, India, and Austin, Texas, United States.