# Smart Joules

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smart-joules

- Industry: Environmental Services
- Headquarters: New Delhi, India
- Website: www.smartjoules.co.in/
- Total disclosed funding: $15M
- Latest round: Series B (Dec 10, 2025)
- Investors on record: 8

## About

Based in Delhi, India, and founded in 2014 by Arjun P Gupta, Ujjal Majumdar, and Sidhartha Gupta, Smart Joules Pvt Ltd develops an energy-saving system to eliminate power wastage in various institutions. In December 2025, Smart Joules Private Limited raised USD 10 million in series B funding led by SBI Ventures with participation from Spectrum Impact and Waaree Energies Limited.

Smart Joules Pvt Ltd offers JoulePAYS that makes energy savings easy for Hospital/Hotel owners under a single Pay-As-You-Save (PAYS) agreement and DeJoule that monitors energy and process parameters and eliminate energy waste.

The company will use the funding to expand energy efficiency and cooling operations, enter new sectors and larger projects, and enhance technology, analytics, and execution capabilities.

## Funding rounds

- Series B, Dec 10, 2025, $10M — Waaree Energies Limited, SBI Ventures, Spectrum Impact
- Series A, Jun 30, 2020, $4.9M — Max India Limited, Sangam Ventures, Raintree Family Office, ADB Ventures, cKinetics Accelerator

## Investors

- Max India Limited — Series A
- Sangam Ventures (https://capitalatlas.ai/funds/sangam-ventures) — Series A
- Raintree Family Office — Series A
- ADB Ventures (https://capitalatlas.ai/funds/adb-ventures) — Series A
- cKinetics Accelerator (https://capitalatlas.ai/funds/ckinetics-accelerator) — Series A
- Waaree Energies Limited — Series B
- SBI Ventures (https://capitalatlas.ai/funds/sbi-ventures) — Series B
- Spectrum Impact — Series B