India Entrepreneur
Summary
Delhi-based energy efficiency solutions provider Smart Joules has secured USD 10 million in its Series B funding round. The investment was led by SVL SME Neev II Fund, which is managed by SBI Ventures Limited, along with participation from Waaree, a solar energy company, and Spectrum Impact.
The funds will be used to expand its energy efficiency and cooling operations into new sectors and larger projects, including manufacturing, building automation and district cooling.
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