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Enerzolve raises $5.1 Mn in seed round led by Jungle Ventures and Kae Capital

EntrackrEntrackr · 28d ago
Enerzolve raises $5.1 Mn in seed round led by Jungle Ventures and Kae Capital
Medial

Bengaluru-based clean-tech hardware startup Enerzolve Smart Technologies has raised $5.1 million (Rs 44.9 crore) in a seed funding round co-led by Jungle Ventures and Kae Capital. The round also saw participation from several angel investors, including founders and senior operators from Zetwerk, Livspace, Unacademy, Urban Vault, and Panthera Peak. The proceeds will be used to accelerate IP development, expand engineering and product teams, and scale pilot manufacturing for its smart grid and energy storage products. It will also invest in certification and go-to-market efforts for utilities, private DISCOMs, and storage developers. Founded by Abhay Adya and Anupam Kumar Bhatt, Enerzolve is building semiconductor-powered embedded systems and power electronics solutions for smart grids, renewable energy infrastructure, and battery storage. The firm focuses on developing proprietary IP across silicon, firmware, and power electronics, aimed at utilities, EPC players, and energy developers. The startup operates across two key segments: smart grid systems including protection relays, smart meters, and analyzers, and energy storage infrastructure spanning batteries, BMS, PCS, inverters, and energy management systems. Its products are designed to meet India-specific regulatory, safety, and cost requirements.

Related News

Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures

EntrackrEntrackr · 28d ago
Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures
Medial

Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures Co-founded in 2025 by Abhinav Pathak and Abhinav Zutshi, Escape Plan is a travel products platform built around the needs of the modern Indian traveller. Escape Plan has raised $25 million in a Series A funding round led by Jungle Ventures, along with participation from Fireside Ventures and strategic investor IndiGo Ventures, the corporate venture capital arm of IndiGo. The Bengaluru-based startup had previously mopped up $5 million in a funding round led by Jungle Ventures through its First Cheque@Jungle initiative, along with Fireside Ventures and several angel investors, in July last year. The proceeds will be deployed to strengthen its brand, pricing, and distribution across India and select international markets. This includes deepening its omni-channel presence across metros, tier I and tier II cities, expanding its physical retail footprint to over 200 stores, and increasing availability across major travel hubs and corridors. Escape Plan is a travel products platform built around the needs of the modern Indian traveller. The company curates and creates luggage, accessories, and mobility solutions across multiple travel use cases. It operates across online marketplaces, direct-to-consumer channels, and a rapidly expanding retail network across India. Escape Plan claims it is currently operating at an annualised revenue run rate of over Rs 300 crore, driven by demand across cities, channels, and a wide range of travel use cases. The company also plans to enter select international geographies aligned with Indian outbound travel. Escape Plan also aims to strengthen its technological capabilities to build deeper control across the value chain. The company will invest in core tech systems to improve speed, availability, and consistency across channels, while advancing product innovation through design-led and sustainability-focused materials. The brand sells both in-house and partner-manufactured products through its own platform. It competes with other D2C players such as Mokobara, Nasher Miles, Uppercase, and Acefour Accessories in India’s fast-growing travel gear market.

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