About Innowatts
Innowatts is a company based in Houston (United States) founded in 2013 was acquired by GridX in September 2025.. Innowatts has raised $24.2 million across 2 funding rounds from investors including Iberdrola, GridX and Energy Impact Partners. Innowatts offers products and services including Innowatts Platform, Forecast Module, and Extract Module. Innowatts operates in a competitive market with competitors including AppFolio, Danfoss, Johnson Controls, Landis+Gyr and MRI Software, among others.
- Headquarter Houston, United States
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Innowatts Energy Private Limited
- Date of Incorporation 20 Jun, 2013
- Jurisdiction Industrial Complex Dundahera, Haryana, India
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Annual Revenue
$716.65 K (USD)-22.3as on Mar 31, 2023
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Net Profit
$47.3 K (USD)-52.27as on Mar 31, 2023
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EBITDA
$86.41 K (USD)-43.61as on Mar 31, 2023
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Total Equity Funding
$24.2 M (USD)
in 2 rounds
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Latest Funding Round
$18.2 M (USD), Series B
May 14, 2019
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Investors
Iberdrola
& 4 more
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Employee Count
Employee Count
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Acquired by
GridX
(Sep 02, 2025)
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Products & Services of Innowatts
Innowatts offers a comprehensive portfolio of products and services, including Innowatts Platform, Forecast Module, and Extract Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
SaaS for integrating energy data and providing insights.
Machine learning models for accurate energy predictions.
Unlocks value from meter-level data for insights.
Unlock access to complete
Funding Insights of Innowatts
Innowatts has successfully raised a total of $24.2M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $18.2 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $18.2M
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First Round
First Round
(09 Aug 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series B - Innowatts | Valuation | Energy Impact Partners | |
| Aug, 2017 | Amount | Series A - Innowatts | Valuation | Iberdrola , Energy & Environment Investment |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Innowatts
Innowatts has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Iberdrola, GridX and Energy Impact Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Energy and tech focused VC firm investing in geographies such as Japan
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Founded Year | Domain | Location | |
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Venture capital firm backed by Shell
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Innowatts
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innowatts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innowatts Comparisons
Competitors of Innowatts
Innowatts operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AppFolio, Danfoss, Johnson Controls, Landis+Gyr and MRI Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innowatts
Frequently Asked Questions about Innowatts
When was Innowatts founded?
Innowatts was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Innowatts located?
Innowatts is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is Innowatts a funded company?
Innowatts is a funded company, having raised a total of $24.2M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Aug 09, 2017.
What is the annual revenue of Innowatts?
Annual revenue of Innowatts is $716.65K as on Mar 31, 2023.
What does Innowatts do?
AI SaaS-driven energy-saving electricity products for homeowners. Technology-based energy-saving electricity products for homes along with mobile-based analytics through apps to understand consumption. Offers big data analytics services to enable consumers to monitor and analyze consumption and allow energy providers to offer customized energy products. Features include monitoring usage and data analytics, and energy management system, alert systems for monthly peaking or extreme shifts in the usage, and more.
Who are the top competitors of Innowatts?
Innowatts's top competitors include Landis+Gyr, AppFolio and Danfoss.
What products or services does Innowatts offer?
Innowatts offers Innowatts Platform, Forecast Module, and Extract Module.
Who are Innowatts's investors?
Innowatts has 5 investors. Key investors include Iberdrola, GridX, Energy Impact Partners, Energy & Environment Investment, and Shell Ventures.