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. 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.
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $10.0M
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First Round
First Round
(30 Jun 2020)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series B - Smart Joules | Valuation | SBI Ventures | |
| May, 2025 | Amount | Series A - Smart Joules | Valuation | Aarem Ventures , Waaree RTL | |
| Feb, 2024 | Amount | Series A - Smart Joules | Valuation | European Development Finance Institutions |
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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 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. 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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Private equity investment firm
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Founded Year | Domain | Location | |
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Investing in sustainable energy and resource productivity solutions for underserved communities in India.
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Founded Year | Domain | Location | |
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Strategic investment platform focusing on long-term investments in early-stage companies across key sectors.
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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 Smart Joules
| 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 - Smart Joules
| 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 |
Smart Joules Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Smart Joules
Frequently Asked Questions about Smart Joules
When was Smart Joules founded?
Smart Joules was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Smart Joules located?
Smart Joules is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Smart Joules?
Arjun Prem Chand Gupta is the current CEO of Smart Joules. They have also founded this company.
Is Smart Joules a funded company?
Smart Joules is a funded company, having raised a total of $20.69M across 7 funding rounds to date.
How many employees does Smart Joules have?
As of Dec 17, 2024, the latest employee count at Smart Joules is 151.
What is the annual revenue of Smart Joules?
Annual revenue of Smart Joules is $5.77M as on Mar 31, 2024.
What does Smart Joules do?
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.
Who are the top competitors of Smart Joules?
Smart Joules's top competitors include Landis+Gyr, Span.IO and Eneco.
What products or services does Smart Joules offer?
Smart Joules offers JoulePays, JouleCool, and DeJoule.
Who are Smart Joules's investors?
Smart Joules has 26 investors. Key investors include Asian Development Bank, European Development Finance Institutions, IFU, Waaree RTL, and Sangam Ventures.
What is Smart Joules's valuation?
The valuation of Smart Joules is $16.77M as of Jun 2022.
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