Energy services firm Smart Joules has raised $10 million in a Series B round led by Neev II Fund, managed by SBI Ventures Limited, with participation from Waaree Renewable Technologies and Spectrum Impact.
Earlier in February 2024, Smart Joules had raised $8 Mn debt from Denmark’s IFU. In 2021, it received $4.9 Mn from Sangam Ventures, Max I. Limited, cKinetics Accelerator and others.
The proceeds will be used to expand its energy efficiency and cooling operations across commercial and industrial facilities in India.
The focus areas include…

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