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DeepTech Start-up Probus raises $5.00-million led by Unicorn India Ventures

L-R: SunnyJadoon, Chief – Engineering Sourcing and Production; Ahmad Raza, CTO; AnandSingh, CEO; Rahul Mishra, COO; and, Ankit Vaish, CFO.

 

DeepTech Startup Probus Smart Things, focused onSmart grid applications, has raised $5.00-million in Series A1 led by UnicornIndia Ventures. The round also saw participation from notable US-based andIndian family offices. The current round is a mix of equity and debt financing.

Probus has raised over $8.00-million in funding tilldate including the current round.

Funds raised will be used for scaling its currentcommunications tech stack into multiple smart grid and renewable applications alongwith development of existing expertise into AI integration with its patentedcommunications and networking stacks. The Company will also be investing inscaling its innovative dual communications network interface modules for smartmetering currently being deployed across various states in India.

Probusdevelops integrated hardware and software solutions for utility providers andhelps digitize their distribution grid. Probus further enables reducedoperations and management costs for utilities, and ultimately lower power costsfor consumers.


SATO partners with Supreme Industries to drive access to affordable sanitation and hygiene solutions across India


(from left toright – Mr. MP Taparia, Managing Director, The Supreme Industries Ltd.;Ms. Erin McCusker, Senior Vice-President at LIXIL, and Leader of SATO)

New Delhi, July 2024:  SATO, the award-winning social business part of LIXIL anda global leader in innovative sanitation and hygiene solutions, is thrilled toannounce a strategic partnership with Supr   READ MORE...
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REI Expo 2021: A Powerhouse of Innovations and Solutions for the Renewable Energy Industry
The 14th editionto be held from 15-17th Septemberat India Expo Mart, Greater Noida

  

Delhi NCR, 06thSeptember 2021: The Renewable Energy India (REI) Expo, Asia’s largest and mostinfluential expo in the RE space by Informa Markets in India, is back this yearin its 14th epicedit   READ MORE...
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Boosting the prowess of India’s manufacturing landscape
Indigenisation start-up, Venttup,launches India’s manufacturing growth story whitepaper at Kerala InnovationFestival.

Venttup has been founded by industryveterans with extensive experience at Hitachi Energy, Siemens Energy, L&T,and Kalpataru Power, Sandeep Nair (Co-Founder and CEO), M. Wasim Ankli(Co-Founder and COO), and Joseph Panakkal (Co-Founder and CMO). Thestart-up ass   READ MORE...