Enlog, a Delhi-based startup specializing 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. This investment will help Enlog expand its operations and accelerate growth in India’s energy management sector.
What Does Enlog Do?
Founded in 2019 by Bharath Rnkawat and Jharna Saha, Enlog focuses on using AI and IoT to optimize energy consumption and reduce carbon footprints. The startup’s solutions aim to improve energy efficiency and promote sustainability in businesses across India. Enlog has already managed 11,300 MWh of electricity and helped reduce over 2,000 tons of carbon emissions.
With over 15,000 users so far, Enlog plans to reduce one million tons of carbon emissions by 2027. “Our mission is to revolutionize energy management in India by leveraging advanced AI and IoT technologies,” said Rankawat. “This funding will help us grow, develop new solutions, and make a greater impact on both cost efficiency and environmental sustainability.”
Enlog Expansion Plans After Funding
Enlog is expecting to generate Rs 12 crore in revenue for 2024, with plans to triple this figure to Rs 40-45 crore by 2025. A key part of its growth strategy is expanding into major Indian metro cities, including Bangalore, Hyderabad, Pune, and Indore. These cities offer a large market for Enlog’s energy management solutions, especially among PG properties and mid-range hotels.
The startup has already partnered with over 750 PG properties and 35 hotels in Delhi NCR, including popular names like Bloom Hotel and Yourspace. Enlog’s AI-powered solutions have helped clients reduce electricity usage by up to 23%, saving money, extending appliance life, and reducing energy waste.
Focus on Research and Development
Enlog is committed to investing in research and development (R&D), focusing on advanced technologies like edge computing and chips for optimizing electricity usage. The startup aims to ensure sustainability remains central to its solutions, making it a key partner for businesses seeking to meet environmental, social, and governance (ESG) standards.
