About Smart Joules
Smart Joules is a company based in Delhi (India) founded in 2014 by Ujjal Majumdar, Sidhartha Premchand Gupta, and Arjun Prem Chand Gupta. Smart Joules has raised $20.69 million across 7 funding rounds from investors including Asian Development Bank, European Development Finance Institutions and IFU. The company has 151 employees as of December 17, 2024. Smart Joules offers products and services including JoulePays, JouleCool, and DeJoule. Smart Joules operates in a competitive market with competitors including MRI Software, Landis+Gyr, Span.IO, Tibber and NIBE Group, among others.
- Headquarter Delhi, India
- Employees 151 as on 17 Dec, 2024
- Founders Ujjal Majumdar, Sidhartha Premchand Gupta, Arjun Prem Chand Gupta
- Stage Minicorn
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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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 Smart Joules Private Limited
- Date of Incorporation 08 Dec, 2014
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$5.77 M (USD)30.08as on Mar 31, 2024
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Net Profit
-$106.83 K (USD)-92.98as on Mar 31, 2024
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EBITDA
$714.43 K (USD)-28.14as on Mar 31, 2024
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Total Equity Funding
$20.69 M (USD)
in 7 rounds
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Latest Funding Round
$10 M (USD), Series B
Dec 10, 2025
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Investors
Asian Development Bank
& 25 more
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Employee Count
151
as on Dec 17, 2024
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Products & Services of Smart Joules
Smart Joules offers a comprehensive portfolio of products and services, including JoulePays, JouleCool, and DeJoule.
Subscription-based solution for streamlining energy efficiency in buildings.
Comprehensive HVAC services with focus on total cost ownership.
AI-powered system for building energy usage and sustainability.
Funding Insights of Smart Joules
Smart Joules has successfully raised a total of $20.69M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 2025. 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 Smart Joules
Smart Joules has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Asian Development Bank, European Development Finance Institutions and IFU.
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Private equity investment firm
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Investing in sustainable energy and resource productivity solutions for underserved communities in India.
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Strategic investment platform focusing on long-term investments in early-stage companies across key sectors.
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Investor details for Smart Joules
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Investments & Acquisitions by Smart Joules
Investment portfolio details for Smart Joules
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Financial Statements - Smart Joules
Detailed financials for Smart Joules
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Smart Joules Comparisons
Peer comparison for Smart Joules
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Competitors of Smart Joules
Smart Joules 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 MRI Software, Landis+Gyr, Span.IO, Tibber and NIBE Group, among others.
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Property management software is provided for residential and commercial properties.
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End-to-end energy management solutions are provided for utilities worldwide.
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Smart panels for home energy management are provided by Span.IO.
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Provider of solutions for energy monitoring for residential building
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Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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Provider of data-driven energy management solutions
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Detailed competitors of Smart Joules
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Latest news on Smart Joules
Complete news archive for Smart Joules
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Frequently Asked Questions about Smart Joules
Smart Joules was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Smart Joules is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Arjun Prem Chand Gupta is the current CEO of Smart Joules. They have also founded this company.
Smart Joules is a funded company, having raised a total of $20.69M across 7 funding rounds to date.
As of Dec 17, 2024, the latest employee count at Smart Joules is 151.
Annual revenue of Smart Joules is $5.77M as on Mar 31, 2024.
Smart Joules was established in 2014 in Delhi, India, within the energy management sector. AI-driven solutions for HVAC systems are offered, incorporating reinforcement learning algorithms that adapt to user behaviors and energy consumption patterns in buildings. Cooling-as-a-Service is provided as a comprehensive package for commercial and industrial facilities, supporting operational efficiency across various sites.
Smart Joules's top competitors include Landis+Gyr, Span.IO and Eneco.
Smart Joules offers JoulePays, JouleCool, and DeJoule.
Smart Joules has 26 investors. Key investors include Asian Development Bank, European Development Finance Institutions, IFU, Waaree RTL, and Sangam Ventures.
The valuation of Smart Joules is $16.77M as of Jun 2022.