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Smart grid solutions startup Kimbal Technologies has raised $22 Mn (about ₹210 Cr) in its Series B funding round led by GEF Capital Partners, with participation from existing investor Niveshaay.

The startup intends to use the capital to advance its product development across power quality, energy management, and battery storage, while also strengthening its Advanced Metering Infrastructure (AMI) vertical and manufacturing operations. A portion of the funding will go towards its international expansion.

With the latest round, the startup’s total funding to date has reached $27 Mn, including its previous funding of $5 Mn in a round led by Niveshaay in 2024.

Founded in 2011 by Ayush Sinhal, Kimbal is a Delhi-based startup that provides smart metering and smart grid solutions to power distribution companies. Its core business vertical is AMI, with over 1 Cr endpoints deployed.

The startup builds ‘Made-in-India’ smart meters for homes, businesses, and industries, along with communication systems that enable real-time electricity monitoring and help reduce losses. It also provides energy management solutions like power harmonics analyzer, smart solutions like RF mesh technology, and smart grid automation solutions.

The startup’s RF network, Vayu, covers a large area, while its cloud system, Vaani, handles millions of data points. The startup is also building Kimbal Edge Intelligence (KEI), a platform to process data closer to the power grid.

Overall, Kimbal’s portfolio spans RF connectivity, cloud platforms, edge computing, power quality, energy management, and battery storage. It also offers software for meter reading, workforce management, and energy analytics. With teams across Delhi, Bengaluru, Singapore, South Korea, and Australia, Kimbal works with utilities, AMISPs, and large industrial and commercial users.

Kimbal competes with the likes of Husk Power Systems, Gram Power, Genus, Probus and Kalki Communication Technologies.

The funding comes at a time when there is a growing need to modernise power grids, integrate renewable energy, and manage rising electricity demand from AI-driven data centres and EVs.

In India, the push towards smart grids is gaining momentum, backed by government initiatives such as the National Smart Grid Mission and the ₹3.03 Lakh Cr Revamped Distribution Sector Scheme (RDSS). The country’s smart grid market is projected to reach $12.8 Bn by 2035, growing at a CAGR of 14.45%.

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