Enerzolve Smart Technologies, a Bengaluru-based deep‑tech startup focused on power electronics and grid automation, has raised $5.1 million (about ₹44.9 crore) in a seed round co‑led by Jungle Ventures and Kae Capital, signalling growing investor interest in home‑grown solutions for India’s energy transition.
Funding and investor backing
The seed round was backed by Jungle Ventures and Kae Capital, along with a cohort of prominent angel investors from India’s startup ecosystem. The participation of experienced institutional and angel backers brings both capital and strategic support, including operational guidance and market connections that can help the company scale beyond pilot projects.
Product focus: smart grids and energy storage
Enerzolve develops hardware‑centric systems aimed at modernising electrical infrastructure. Its product portfolio spans protection relays, smart metering systems, grid analysers, batteries, battery management systems (BMS), power conversion units, inverters and software‑based energy management platforms tailored for Indian operating conditions.
By building end‑to‑end embedded systems and power electronics, the company seeks to reduce reliance on imported components and offer cost‑efficient, scalable alternatives for utilities, renewable developers and large commercial energy users.
Use of proceeds
The fresh capital will accelerate product development, expand the engineering team and scale pilot manufacturing capabilities. Enerzolve will also invest in product certification, testing and regulatory approvals — essential steps for utility‑scale deployments and enterprise contracts.
A portion of the funds will support go‑to‑market activities to deepen engagement with power distribution companies, renewable energy firms and industrial customers, with the objective of moving from pilot projects to broader commercial adoption.
Context: India’s evolving power system
India’s rapid build‑out of renewable capacity, rise in electric mobility and growth of decentralised generation are placing new demands on grid stability and control. Variability from wind and solar, increasing peak loads and distributed energy resources require advanced monitoring, protection and storage solutions.
Enerzolve’s systems aim to improve grid visibility, automation and control so utilities can better manage load flows, reduce outages and integrate intermittent renewables more smoothly into the network.
Strategic implications
With backing from seasoned investors, the startup is positioned to address sectoral gaps in indigenously developed hardware and controls for India’s power sector. Successful localisation of power‑electronics and grid‑automation technologies could lower costs for utilities and speed deployment of resilient, smarter networks.
Outlook
Enerzolve’s seed funding prepares the company to scale engineering, manufacturing and commercial efforts at a time when domestic solutions for grid modernisation and energy storage are gaining priority. Its focus on India‑specific conditions and regulatory readiness makes it a notable entrant in the clean energy and power‑technology landscape.
