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Founded
2014
Headquarters
Delhi
Status
Series B
Company Details
Smart Joules delivers energy efficiency solutions for commercial buildings, hospitals, and industrial facilities through retrofits and AI optimization.
Core Products and Services:
JoulePAYS: Pay-as-you-save retrofit program with zero upfront costs, targeting 15-40% savings on HVAC, chillers, pumps, and lighting
DeJoule: AI-powered IoT platform for real-time energy monitoring, automation, and optimization using sensors and machine learning
JouleCool: Cooling-as-a-Service model providing fixed-price cooling via build-own-operate-maintain for new projects
Business Model and Revenue Streams:
Zero-capex financing where Smart Joules funds installations and shares verified energy savings over 5-10 year contracts
Ongoing operations and maintenance through DeJoule platform with performance guarantees
Fixed fees from JouleCool based on cooling demand and usage
Performance-based payments from expanded utilities like heating and steam via service-as-a-service
Key Metrics
Total Equity Funding
$20.7Million
No. of Funding Rounds
7
Latest Funding Round
$10Million, Series B
as of December 10, 2025
Post Money Valuation
$29.5Million
as of August 1, 2025
Funding Multiple
-
as of N/A
Investors
Burman Family Holdings
and 4 moreEmployee Count
232
Similar Companies
Fleetx
Exit Details
No Exits
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| December 10, 2025 | Series B | $10Million | - | $10.9Million | - | SBI Ventures, Spectrum Impact |
| May 2, 2025 | Series A | $3.3Million | - | $8.79Million | - | Aarem Ventures |
| June 15, 2022 | Series A | $923K | $16.8Million | $3.2Million | - | Asian Development Bank |
| March 17, 2021 | Series A | $4.9Million | $15.2Million | $2.29Million | - | ADB Ventures, Sangam Ventures, Burman |
| June 30, 2020 | Seed | $1.57Million | $12.5Million | $1.92Million | - | Intelleventures.com, Chowdry Associates |