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Smart Joules Raises USD 10 Mn in Series B Round Led by SVL SME Neev II Fund for Expanding Energy Efficiency Solutions.

Dec 10, 2025

Amount Raised

$10 Million

Round Type

Series B

New DelhiEnergyRenewable Energy

Investors

WaareeSpectrum ImpactSvl Sme Neev II Fund

Description

Delhi-based energy efficiency solutions provider Smart Joules has secured USD 10 million in its Series B funding round. Led by SVL SME Neev II Fund, this investment aims to scale operations across commercial and industrial sectors. The fresh capital will support growth in energy efficiency and cooling operations. Smart Joules plans to enhance technology and execution capabilities.

Quick answer

Smart Joules raised $10 Million in a Series B round, dated December 10, 2025. Investors: Waaree, Spectrum Impact and Svl Sme Neev II Fund. Smart Joules is based in New Delhi, Delhi, India.

How much did Smart Joules raise?
Smart Joules raised $10 Million in a Series B round on December 10, 2025.
Who invested in Smart Joules?
Waaree, Spectrum Impact and Svl Sme Neev II Fund are named as investors in this round.
What does Smart Joules do?
Smart Joules is a Delhi-based energy efficiency solutions provider founded in 2014.
Where is Smart Joules based and how big is it?
Smart Joules is based in New Delhi, Delhi, India. Fundz records about 231 employees.
Who are the decision-makers at Smart Joules?
Fundz holds 2 contacts at Smart Joules, including the Senior Human Resources Business Partner. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Smart Joules that raised within 45 days of this round, from Fundz verified event records.

  • Ascent Solar Technologies raised $10M on January 23, 2026.
  • Meine Electric raised $750K (Pre-Seed) on January 22, 2026.
  • Enerzolve Smart Technologies raised $5.1M (Seed) on January 21, 2026.
  • Arkahub raised $2M (Seed) on January 21, 2026.
  • Aerem Solutions raised $15M (Series B) on January 21, 2026.
  • Sage Geosystems raised $97M (Series B) on January 21, 2026.

Who to call at Smart Joules, and when

A new round usually means Smart Joules is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Smart Joules raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Smart Joules, from your own LinkedIn network

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Company Information

Company

Smart Joules

Location

New Delhi, Delhi, India

About

Smart Joules is a Delhi-based energy efficiency solutions provider founded in 2014. It offers financed energy efficiency as a service (EaaS) solutions, including JoulePays and DeJoule building management systems. The company aims to make energy efficiency simple and profitable, targeting the reduction of 29 million tonnes of carbon emissions by 2030. Smart Joules employs advanced AI and IoT technology to optimize energy use in buildings and factories.

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Related People

2 contacts
Verified contactsGarima A., Senior Human Resources Business Partner hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Smart Joules raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.