News on Medial

Indian energy efficiency startup Smart Joules raises $8M in debt from Denmark's IFU

IndianStartupNewsIndianStartupNews · 9m
Indian energy efficiency startup Smart Joules raises $8M in debt from Denmark's IFU

Indian energy efficiency startup, Smart Joules, has secured $8 million in debt funding from the Investment Fund for Developing Countries (IFU), a Danish government-owned institution. The funding will be used to expand the startup's cooling-as-a-service (CaaS) partnerships in healthcare and hospitality sectors and enter cooling-intensive industries such as data centres and pharmaceutical manufacturing. Smart Joules offers a comprehensive package of services and technology to optimize energy use in buildings, aiming for a 20% reduction in energy costs. The company has saved 23 crore kWh of energy, translating to Rs 181 crore in cost savings and 1.6 lakh tonnes of carbon emissions.

Comments

Download the medial app to read full posts, comements and news.