Enerzolve Nets $5.1 Mn To Build Infrastructure For Intelligent Energy Systems

Bengaluru-based deeptech startup Enerzolve Smart Technologies has raised $5.1 Mn (about INR 46.7 Cr) in its seed round co-led by Jungle Ventures and Kae Capital.

The round also saw participation from startup founders, including Zetwerk’s Amrit Acharya and Srinath Ramakrrushnan, Livspace’s Ramakant Sharma, Unacademy’s Roman Saini and Gaurav Munjal, Urban Vault’s Amal Mishra and Panthera Peak’s Nikhil Bhandarkar.

Enerzolve, which focuses on providing semiconductor-powered energy solutions, will utilise the capital to scale pilot manufacturing and certification for its smart grid and storage product lines.

Additionally, it will invest in deepening its engineering and product capabilities, especially core IP development across embedded systems, firmware and silicon.

It also plans to work on its business development and GTM strategies for utilities clients, private DISCOMs, engineering, procurement and construction (EPC) companies and storage developers.

Founded in November 2024 by ex-Zetwerk executives Abhay Adya and Anupam Kumar Bhatt, the startup is building embedded and power electronics systems for smart grids, renewables, and battery storage.

Within smart grid and embedded systems, Enerzolve provides solutions such as protection relays, smart meters, analyzers and detectors. Its energy storage and power electronics capabilities include batteries, battery management systems, power conversion systems, energy management systems and inverters, that have both industrial and commercial applications.

The startup also provides tailored solutions with original design manufacturing and system integration capabilities, along with an energy-as-a-service offering.

The modern day energy grids need to support renewables, digitalisation, and large-scale storage. Enerzolve aims to provide solutions for this.

India is currently undergoing a major energy transition propped by policy and regulatory reforms, along with private sector innovation, as the government rushes to cut emissions and reduce the country’s dependence on fossil fuels.

On the back of this, startups providing clean energy solutions are becoming increasingly relevant in investment strategies, with VC firms rolling out dedicated funds for the sector. Last month, energy transition-focussed Transition VC closed its maiden fund at $75 Mn, while early stage cleantech focussed Theia Ventures closed a maiden $30 Mn fund in October.

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