Founded by Arjun Gupta, Ujjal Majumdar, and Sidhartha Gupta, Smart Joules embarked on a mission to make energy efficiency simple, substantial and profitable.
We launched JoulePays, a pioneering Pay-As-You-Save business model, marking a significant stride in India’s journey towards profitable decarbonization.
We were recognized by the Ministry of Power and CII for our first JoulePays project. We also launched DeJoule, an efficiency-first AI and IoT based Building Management System (BMS).
As a testament to Smart Joules’ growing repute in the energy efficiency space, we were recognized among Shell’s Top 3 #MakeTheFuture Accelerator participants.
We won an International Award for a portfolio energy efficiency project from the German Energy Ministry highlighted Smart Joules' global impact and commitment to driving energy efficiency on an international scale.
We were recognized by the Basel Agency for Sustainable Energy (BASE) for pioneering the Cooling-as-a-Service business model in India, underscoring the company's role as a trailblazer in the energy-efficiency space.
We grew into a 100-member strong team with operations in 15 cities and successfully executed 22 projects, showcasing its rapid growth and expanding footprint.
We raised USD 5 million in a successful Series A funding round led by ADB Ventures. We also forayed into the Indian pharma sector with Amneal Pharma, Ahmedabad.
We signed India’s first corporate-wide energy savings agreement with Apollo hospitals, along with securing our first JouleCOOL agreement with KIMS Hospitals. We also signed our first DeJoule contracts with Sunshine, GKNM, and ITC.
We forayed into the Indian hospitality sector with Le Meridien, Gurgaon, showcased the company's continued expansion into new sectors.
We secured $8 million in debt funding from Denmark's IFU and grew to becoming a 200-member strong organization. We also forayed into international markets with the first DeJoule commissioning in Indonesia and while also unveiling our new brand identity, underscoring our future ambitions.
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