Aliste Technologies Secures ₹30 Cr for Business Energy Savings
Overview
Energy tech startup Aliste Technologies has raised ₹30 crore in a pre-Series A funding round led by Big Global JSC. The Gurugram-based company will use the funds for developing new energy solutions and expanding its reach. Aliste shifted from a D2C smart home business to focus on helping companies manage and reduce energy costs, showing that sustainability can boost profits.
Funding Boost for Energy Tech
Aliste Technologies has secured ₹30 crore in a pre-Series A funding round. Big Global JSC led the investment, with participation from existing investor YourNest Venture Capital and manufacturing partner Hbeon Labs. This funding is a key step for the Gurugram-based startup.
Strategic Pivot to Enterprise Solutions
The company has shifted from its initial direct-to-consumer smart home products, which were featured on Shark Tank India, to become a provider of full-stack enterprise solutions. Aliste now helps businesses monitor, control, and optimize their energy use across different industries.
Technology and Market Opportunity
Aliste creates its own hardware and software systems that connect with current infrastructure. These tools offer real-time data on energy use and expenses, aiming to cut costs by up to 20% for retail and quick-service restaurants. They also help co-living spaces improve how they collect payments related to energy. The company sees a strong chance to grow where fast AI adoption meets higher energy prices.
Impact and Future Growth
The startup currently tracks about 3 million units of energy use each month from over 1.5 lakh IoT devices. Its efficiency tools are already cutting carbon emissions by more than 3.28 lakh kg monthly. Aliste plans to increase this environmental impact tenfold in the next year, making sustainability a key factor for financial performance.
