Enlog specialising in AI-powered energy management raises Rs 1.75 crore in equity funding

Enlog, a Delhi-based startup specialising in AI-powered energy management and IoT solutions, has secured Rs 1.75 crore in a funding round led by Vinners, an angel investor Group.

The startup said the raised capital will be instrumental in expanding its operations and accelerating its growth in India’s energy management sector.

What does Enlog do?

Founded in 2019 by Bharath Rnkawat 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 in businesses across India. It claims to have successfully managed 11,300 MWh of electricity and mitigated over 2,000 tons of carbon emissions, contributing to a global drive toward sustainability.

With over 15,000 users to date, Enlog aims to reduce carbon emissions by one million tons by 2027.

“Our mission at Enlog is to revolutionise energy management in India by leveraging advanced AI and IoT technologies. This funding will allow us to further develop our innovative solutions, expand our market presence, and continue making a meaningful impact on both cost efficiency and environmental sustainability,” said Rankawat.

Partnership and financial performance

Enlog is projecting revenues of Rs 12 crore for 2024 and aims to triple this figure to Rs 40-45 crore by 2025.

The startup’s expansion into key Indian metro cities—Bangalore, Hyderabad, Pune, and Indore—is a core part of this growth strategy.  These cities, with their extensive base of PG properties and mid-range hotels, represent significant untapped markets for Enlog’s energy management solutions.

Over the past year, Enlog has partnered with over 750 PG properties and 35 hotels in Delhi NCR, including well-known names like Bloom Hotel and Yourspace.

The startup claims its AI-powered solutions have reduced electricity use by up to 23% for clients, helping them save on costs, extend the life of appliances, and reduce energy waste.

Ramki Ravulapalli, Lead Investor on behalf of Vinners, said, “Enlog is redefining energy management technology through data-driven IoT and AI solutions for energy saving, aligning perfectly with Vinners’ focus on transformative and high-impact technologies.

Investing in research and development (R&D)

Enlog is focused on investing heavily in research and development (R&D), with a focus on creating next-generation technology centred around edge computing and advanced chips for electricity optimization. 

The startup said it aims to ensure that sustainability remains at the core of its offerings, making it an essential partner for businesses aiming to meet environmental, social, and governance (ESG) standards.