Enlog, a Delhi-based AI-powered Energy management and IoT solutions provider has raised ₹1.75 crore in equity funding led by Vinners, a angel investor group.
The raised capital will be used to expand its operations and drive growth in the energy management sector.
Bharath Rankawat, Co-Founder and CEO of Enlog commented, “Our mission at Enlog is to revolutionise energy management in India by leveraging advanced AI and IoT technologies. This funding will allow us to further develop our innovative solutions, expand our market presence, and continue making a meaningful impact on both cost efficiency and environmental sustainability.”
Ramki Ravulapalli, Lead Investor on behalf of Vinners, said, “Enlog is redefining energy management technology through data-driven IoT and AI solutions for energy saving, aligning perfectly with Vinners’ focus on transformative and high-impact technologies. We’re excited to support Enlog as a major investor as they drive radical change in India’s energy management landscape, bringing substantial value to their customers, supporting India’s energy security efforts, and setting new sustainability standards.”
Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog uses advanced AI and IoT technologies to optimise electricity consumption and promote sustainability. With a unique combination of IoT hardware and AI software, Enlog’s solutions automate and optimise energy consumption, helping businesses across sectors reduce their electricity usage and carbon footprint.
To date, the company has successfully managed 11,300 MWh of electricity and mitigated over 2,000 tons of carbon emissions, contributing to a global drive toward sustainability.
Enlog’s growth has been rapid, with the company now projecting revenues of ₹12 crore for 2024. By 2025, Enlog aims to triple this figure, reaching ₹40-45 crore in annual revenue. The company’s expansion into key Indian metro cities—Bangalore, Hyderabad, Pune, and Indore—is a core part of this growth strategy. These cities, with their extensive base of PG properties and mid-range hotels, represent significant untapped markets for Enlog’s energy management solutions.
In the past year, Enlog has successfully partnered with over 750 PG properties and 35 hotels in Delhi NCR, including notable brands such as Bloom Hotel and Yourspace.
The company claims that its AI-driven solutions have reduced electricity consumption by up to 23% for their clients. Enlog has set an ambitious goal to reduce one million tons of carbon emissions by 2027.
