Enerzolve Smart Technologies Secures $5.1 Million in Seed Funding

Bengaluru-based clean-tech startup Enerzolve Smart Technologies has successfully raised $5.1 million (Rs 44.9 crore) in a seed funding round that was co-led by Jungle Ventures and Kae Capital. This funding round also attracted several angel investors, including founders and senior operators from Zetwerk, Livspace, Unacademy, Urban Vault, and Panthera Peak.

Utilisation of Funds by Enerzolve

The funds raised will be directed towards accelerating the development of intellectual property (IP), expanding the engineering and product teams, and scaling pilot manufacturing for its innovative smart grid and energy storage solutions. Additionally, Enerzolve will focus on investing in certification processes and establishing go-to-market strategies for utilities, private DISCOMs, and storage developers.

About Enerzolve Smart Technologies

Founded by Abhay Adya and Anupam Kumar Bhatt, Enerzolve is at the forefront of creating semiconductor-powered embedded systems and power electronics solutions tailored for smart grids, renewable energy infrastructure, and battery storage. The company is dedicated to developing proprietary IP that spans silicon, firmware, and power electronics, targeting utilities, engineering, procurement, and construction (EPC) players, as well as energy developers.

Core Operations and Offerings

Enerzolve operates within two primary segments: smart grid systems, which include protection relays, smart meters, and analyzers, and energy storage infrastructure that encompasses batteries, battery management systems (BMS), power conversion systems (PCS), inverters, and energy management systems. All products are specifically engineered to comply with India’s unique regulatory, safety, and cost criteria.