Smart Joules - About the company
Smart Joules is a series B company based in Delhi (India), founded in 2014 by Sidhartha Premchand Gupta, Ujjal Majumdar and Arjun P Gupta. It operates as a Provider of AI-powered energy efficiency solutions for commercial buildings. Smart Joules has raised $20.7M in funding from investors like Asian Development Bank, Guardian Advisors and IntelleVentures, with a current valuation of $*****. The company has 5094 active competitors, including 716 funded and 465 that have exited. Its top competitors include companies like Landis+Gyr, Metronome and SPAN.
Company Details
Provider of AI-powered energy efficiency solutions for commercial buildings. It provides cooling solutions through a subscription model, focusing on total cost of ownership. It offers design, implementation, operations, maintenance, and optimisation services. The company delivers efficiency through design, equipment, and data-based operations.
- Website
- smartjoules.co.in
- Social
- Email ID
- *****@smartjoules.in
- Phone Number
- +91 **********
- Registered Address
- 34 SHRI RAM ROAD CIVIL LINES, North Delhi, DELHI, Delhi, India, 110054
Key Metrics
Founded Year
2014
Location
Delhi, India
Stage
Series B
Total Funding
$20.7M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 28, 2025
Investors
Ranked
10th among 5094 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
204 as on Aug 31, 2025
Similar Companies
Legal entities associated with Smart Joules
Smart Joules is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SMART JOULES PRIVATE LIMITED CIN: U40300DL2014PTC273904 , India, Active | Dec 08, 2014 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 217 (As on Feb 01, 2026) |
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Smart Joules's funding and investors
Smart Joules has raised a total funding of $20.7M over 6 rounds. Its first funding round was on Jun 30, 2020. Its latest funding round was a Series B round on Nov 28, 2025 for $*****. 4 investors participated in its latest round. Smart Joules has 17 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Smart Joules:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 28, 2025 | 9080131 | Series B | 7276165 | 4011430 | 6880037 | 9364660 |
May 02, 2025 | 9790460 | Series A | 3307402 | 2080129 | 3627610 | |
Feb 21, 2024 | 7473194 | Conventional Debt | 4684163 | 3564919 | 8294961 |
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Smart Joules' founders and board of directors
Founder? Claim ProfileThe founders of Smart Joules are Sidhartha Premchand Gupta, Ujjal Majumdar and Arjun P Gupta. Arjun P Gupta is the CEO of Smart Joules.
Here are the details of Smart Joules' key team members:
- Sidhartha Premchand Gupta: Co-Founder & CFO of Smart Joules. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Ujjal Majumdar: Co-Founder & COO of Smart Joules. Contact Info: 1 email address
- Arjun P Gupta: Co-Founder & CEO of Smart Joules. Contact Info: 1 email address
Smart Joules' Board of Directors
Smart Joules's board has 6 active members. Sidhartha Premchand Gupta, Upendra Bhatt, Karan Gupta, Arjun Premchand Gupta and Suken Kirit Shah are part of team and Ranganath Nuggehalli Krishna is independent board member.Here is the list of Smart Joules' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 9m | |
Team | - | Current | 11y 9m | |
Investor | cKinetics | Current | 4y 11m | |
ngallfe | Investor | - | Past | 5y 5m |
zvfsv{{ | Investor | - | Past | 8y 6m |
Independent board member | - | Current | 4y 11m |
View details of Smart Joules's Founder profiles and Board Members
Smart Joules' employee count trend
Smart Joules has 204 employees as of Aug 25. The total employee count is 9.0% more than what it was in Aug 24. Here is Smart Joules's employee count trend over the years:
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Smart Joules's Competitors and alternates
Top competitors of Smart Joules include Landis+Gyr, Metronome and SPAN. Here is the list of Top 10 competitors of Smart Joules, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
2nd |  Metronome 2020, San Francisco (United States), Acquired | Usage-based invoice management solutions for small businesses | $128M | 73/100 | |
3rd |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 73/100 | |
4th |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
5th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 70/100 | |
6th | Phononic 2009, Durham (United States), Series F | Providing solid state thermal management solutions | $230M | 69/100 | |
7th | Cloud-based enterprise asset management solutions | $52.3M | 69/100 | ||
8th |  Resideo 2018, Wilmington (United States), Public | Provider of smart home solutions for security, air, water, and energy | - | 69/100 | |
9th | Provider of a digital platform for electricity consumption management and insights | $177M | 69/100 | ||
10th | Smart Joules 2014, Delhi (India), Series B | Provider of AI-powered energy efficiency solutions for commercial buildings | $20.7M | 69/100 |
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Smart Joules's Latest cap tables and shareholding
Founders own 20.11%, Funds (largest shareholder) own 34.09%, Enterprises own 11.75% and Angels own 2.75%. The net worth of Smart Joules's founders is INR 62.9Cr as of Nov 28, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 20.11% | 62.9Cr | 3177750 | 9309610 | 1669791 | 8723229 |
2824 | 7917 | 8034 | 7439 | 7309 | 9953 | |
Fund | 34.09% | 107Cr | 5000766 | 9198081 | 2372651 | 7190875 |
9321541 | 5045320 | 9313541 | 8250355 | 7497783 | 9308980 | |
133150 | 880745 | 539050 | 492021 | 275234 | 453019 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 11.75% | 36.7Cr | 9604956 | 8425611 | 6583610 | 1362926 |
Angel | 2.75% | 8.6Cr | 81 | 58 | 40 | 17 |
Other People | 27.75% | 86.7Cr | 4370964 | 8808969 | 3377882 | 5285350 |
ESOP Pool | 3.56% | 11.1Cr | 855 | 767 | 285 | 513 |
Total | 100.00% | 313Cr | 5154541 | 2465322 | 8848426 | 8572064 |
To unlock detailed Cap Table of Smart Joules Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Smart Joules's Shareholding
Smart Joules's Investments and acquisitions
Smart Joules has made no investments or acquisitions yet.
Reports related to Smart Joules
Here is the latest report on Smart Joules's geography:
News related to Smart Joules
Filter this listMedia has covered Smart Joules for a total of 2 events in the last 1 year.
•
Indian energy provider Smart Joules secures $10m series BStartup Story•Dec 10, 2025•SBI Ventures, Smart Joules, Sangam, Asian Development Bank and 4 others
•
Waaree Renewable Technologies invests in Cooling-as-a-Service company Smart Joulesv magazine•Sep 19, 2025•Waaree RTL, Smart Joules
•
Smart Joules Names Gaurav Kejriwal as Chief of Product & Technology OfficerAdgully•Aug 05, 2024•Smart Joules
•
Smart Joules Raises $8 Mn Debt From Denmark’s IFU To Offer B2B Cooling SolutionsInc42•Mar 01, 2024•Smart Joules, Impact Fund, Asian Development Bank, Sangam Ventures and 2 others
•
Apollo Hospitals partners with Smart Joules to curb carbon emissionsBioSpectrum India•Jun 17, 2023•Apollo Hospitals, Smart Joules
•
Corporates tie up with Co-living spaces as staff return to officeIndiatimes•Jan 11, 2023•Futurense, Scaler, Jubilant FoodWorks, Burman Hospitality and 2 others
•
Raintree Family Office, ADB arm, others invest $4.9M in Samrt JoulsYourStory•Apr 22, 2021•Smart Joules, Raintree Family Office, Sangam Ventures, cKinetics and 3 others
•
ADB Ventures Announces Its First Two InvestmentsMedianet•Mar 18, 2021•Euler Motors, Smart Joules, Asian Development Bank
•
ADB Ventures debuts with 2 impact investments, raises US$60M for its equity funde27•Mar 17, 2021•Smart Joules
•
ADB arm, others invest Series A money in energy efficiency startup Smart JoulesVCCircle•Mar 17, 2021•Smart Joules, Asian Development Bank, Sangam Ventures, Max India and 2 others
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