About Innowatts
Innowatts is a Technology company based in Houston (United States) founded in 2013, and was acquired by GridX in September 2025. AI and SaaS-driven energy-saving products for homeowners are provided. It operates in the Technology, Business Services, and Energy & Utilities sectors. Innowatts has raised $24.2 million across 2 funding rounds from investors including Iberdrola, GridX and Energy Impact Partners. Its Indian entity Innowatts Energy Private Limited reported revenue of ₹4.12 Cr. Innowatts offers products and services including Innowatts Platform, Forecast Module, and Extract Module. Its focus areas include Energy Tech, Smart Grid, Utility Management and Customer Engagement. Its competitors include AppFolio, Johnson Controls and MRI Software; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Houston, United States
- Stage Acquired
- SectorsTechnologyBusiness Services Energy & Utilities Real Estate & Construction
- Email••••••••
- Website innowatts.com
- Social LinkedIn X Facebook
- Acquired by GridX (Sep 2025)
- Legal Name Innowatts Energy Private Limited
- Date of Incorporation 20 Jun, 2013
- Jurisdiction Haryana, India
Associated legal entities of Innowatts
Innowatts operates through Innowatts Energy Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innowatts Energy Private Limited CIN U40105HR2013PTC049605 | Active | 20 Jun 2013 | Gurgaon, Haryana | ₹4.1 Cr | 2 | View details |
Products & Services of Innowatts
Innowatts offers a comprehensive portfolio of products and services, including Innowatts Platform, Forecast Module, and Extract Module.
SaaS for integrating energy data and providing insights.
Machine learning models for accurate energy predictions.
Unlocks value from meter-level data for insights.
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 $24.2M
- Total Rounds 2
- Last Round Series B — $18.2M
- First Round $6M
(Aug 2017)
- Investors Count 4
All 2 funding rounds of Innowatts with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | $18.2M | Series B | – | Energy Impact Partners | |
| Aug 2017 | $6M | Series A | – | Iberdrola, Energy & Environment Investment | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on growth-stage startups | energyimpactpartners.com | New York, United States | ||
Energy and tech focused VC firm investing in geographies such as Japan | ee-investment.jp | Shinagawa, Japan | ||
Venture capital firm backed by Shell | shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html | The Hague, Netherlands | ||
Integrated solutions for energy generation and sustainability are provided. | 1992 | iberdrola.com | Bilbao, Spain | |
Meter billing solutions are delivered through a cloud-based platform. | 2010 | gridx.com | Walnut Creek, United States |
Investor details for Innowatts
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Innowatts Energy Private Limited (Innowatts)
Innowatts Energy Private Limited is the primary company behind Innowatts. The board of Innowatts Energy Private Limited currently have 2 directors; the longest-serving is Sudaksha Sachdeva, appointed in 2013. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sudaksha Sachdeva DIN 06577587 | Whole-time director | 20 Jun 2013 | 13 yrs 4 mo | Innowatts Energy Private Limited |
| Akshay Jaikant DIN 09492386 | Director | 04 Feb 2022 | 4 yrs 9 mo | Innowatts Energy Private Limited |
People of Innowatts
19 people are tracked at Innowatts (9 in leadership, 10 in team).
| Name | Role | Group |
|---|---|---|
Siddhartha Sachdeva | Founder & CEO | Leadership |
David Boundy | COO & GM, Innowatts Europe | Leadership |
Akhlak Ahmed | Chief Analytics Officer | Leadership |
Don Winter | Director, Marketing | Leadership |
Keith A Ellis | Vice President Of Engineering | Leadership |
Meng Fun | Director of Data Science Operation | Leadership |
Siddharth Dhar | Vice President of Product Management | Leadership |
Zakia Ahmed | Director of Client Operations | Leadership |
Anjani Kumar Mishra | Head of Operations | Leadership |
Victor B. | Principal Engineer | Team |
Akshay J. | Product Owner | Team |
Jean Paul Mitterhofer | Product Analyst | Team |
Adarsh Laddha | Data Engineer | Team |
Corey Bobco | Data Engineer | Team |
peang sou | Manager, Client Success | Team |
Sushil Kumar | Lead Cloud and Devops Architect | Team |
Suyash G. | Data Engineer | Team |
Suyog Singh | Lead Implementation/ Lead Data Engineer | Team |
ajay panjiyar | Data Engineer | Team |
Complete people profiles for Innowatts
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Innowatts
Figures of Innowatts Energy Private Limited, the primary company behind Innowatts, for FY 2025. Revenue was ₹4.12 Cr (-8% year on year). Net profit was ₹30.4 Lakh (7% margin). EBITDA was ₹43.9 Lakh (11% margin). Revenue has grown at a compounded annual rate of -19% over three years and +3% over five years.
- ₹4.12 CrRevenue · FY 2025 · -8% YoY
- ₹30.4 LakhNet profit · 7% margin
- ₹43.9 LakhEBITDA · 11% margin
- ₹60,130Paid-up capital
- -19%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innowatts Energy Private Limited are on its company page.
Detailed financial statements for Innowatts
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Innowatts
4 dated milestones of Innowatts across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Innowatts is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series B, of $18.2M.
- Exit Acquired by GridX.
Competitors of Innowatts
Innowatts has 3 listed competitors in our database, 2 of them funded. They include AppFolio, Johnson Controls and MRI Software.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| appfolio.com | 2006 | Santa Barbara, United States | $30M | 1,634 | SaaS-driven property management software for owners and residential property managers | |
| johnsoncontrols.com | 1885 | Milwaukee, United States | 100,000 | Automotive batteries and HVAC equipment are manufactured and supplied globally. | ||
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. |
Detailed competitors of Innowatts
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Innowatts
The website of Innowatts (innowatts.com) receives about 1.4K visits a month.
- Monthly visits1.4K
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Innowatts (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Related news about Innowatts
Complete news archive for Innowatts
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Frequently Asked Questions about Innowatts
Innowatts was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Innowatts is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
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 2017.
The primary company behind Innowatts, Innowatts Energy Private Limited, reported revenue of ₹4.12 Cr for FY 2025, down 8% year on year.
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.
Innowatts's top competitors include AppFolio, Johnson Controls and MRI Software.
Innowatts offers Innowatts Platform, Forecast Module, and Extract Module.
Innowatts has 5 investors. Key investors include Iberdrola, GridX, Energy Impact Partners, Energy & Environment Investment, and Shell Ventures.
Innowatts operates through Innowatts Energy Private Limited.
Yes. Innowatts was acquired by GridX in September 2025.
The legal entities of Innowatts currently have 2 directors, including Akshay Jaikant, Sudaksha Sachdeva.