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
Not available
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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.
SaaS for integrating energy data and providing insights.
Machine learning models for accurate energy predictions.
Unlocks value from meter-level data for insights.
People of Innowatts
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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.
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.
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Venture capital fund focused on growth-stage startups
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Energy and tech focused VC firm investing in geographies such as Japan
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Venture capital firm backed by Shell
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Investor details for Innowatts
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Investments & Acquisitions by Innowatts
Investment portfolio details for Innowatts
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Financial Statements - Innowatts
Detailed financials for Innowatts
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Innowatts Comparisons
Peer comparison for Innowatts
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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.
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SaaS-driven property management software for owners and residential property managers
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Manufacturer of energy efficiency products
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Automotive batteries and HVAC equipment are manufactured and supplied globally.
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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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Provider of solutions for energy monitoring for residential building
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Detailed competitors of Innowatts
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Latest news on 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.
Annual revenue of Innowatts is $716.65K as on Mar 31, 2023.
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 Landis+Gyr, AppFolio and Danfoss.
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.